2008 (1) TMI 369

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..... a sub-broker and the activity would get covered w.e.f. 2006 onwards, in which case the taxes would come down around Rs.16 lakhs - They have already deposited an amount of Rs.10 lakhs - applicant is directed to to further deposit Rs. 10 lakhs against demand of duty of Rs.1,71,23,778/- - stay partly granted
Ms. Archana Wadhwa, Member (J) and Shri M. Veeraiyan, Member (T) S/Shri B.L. Narasimhan, .....

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..... hs towards taxes. By taking this into account, we direct the applicant to further deposit Rs. 10 lakhs (Rupees Ten Lakhs only) within a period of eight weeks from today and report compliance on 11-3-2008, subject to which the deposit of balance amount of duty and entire penalty shall stand waived. 2. The application is disposed off in above terms. (Pronounced in Court)
Case laws, Decisions, .....

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