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2014 (3) TMI 1061 - HC - Central ExciseThe grievance of the petitioner is that this demand has been raised despite the fact that no Committee has been constituted to decide whether the assessee has, in fact, complied with the terms of the notifications issued by the Central Government under Section 72 of the Finance Act, 2011. - Held that:- In view of the fact that the decision of this Court asking the Investment Appraisal Committee to verify the claims of the investors has been upheld by the Apex Court, the impugned demand notices shall be kept in abeyance till the Investment Appraisal Committee give its report. In case, the committee find that any of the investments claimed by the petitioners are entitled to the benefits, then obviously fresh notices will have to be issued.
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