1993 (12) TMI 69

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..... Gold (Control) Appellate Tribunal, New Delhi. By the impugned order the Tribunal has rejected the application filed by the petitioner praying for waiver of pre-deposit of the excise duty and penalty pending decision of the appeal before it. 2.We have heard learned counsel for the petitioner and Shri Shisbir Kumar, learned Standing Counsel on behalf of respondents. Learned Standing Counsel agree .....

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..... for the said financial year as per profit and loss account was Rs. 6,250.44 Paise. The profit and loss account of the subsequent year namely financial year ending 31-3-1993 has also been filed with the supplementary affidavit, according to which the assessee had suffered net loss of Rs. 1,54,196.41 Paise. It is mainfest from the above that the Tribunal was wrong when it observed that the petitione .....

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