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2007 (2) TMI 512 - CESTAT, BANGALOREExtract: .......sp Regarding the penalty, needless to say, it will be based on the recomputed amount. 5.4 emsp The penalty on Dr. K. Yathindranath Shetty, Managing Director, is not justified. Hence, the same is set aside. 5.5 emsp The appeals are disposed of in the above terms. (Operative portion of this Order was pronounced in open Court on conclusion of hearing)
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