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2013 (11) TMI 748 - PUNJAB & HARYANA HIGH COURTReduction in the amount of Pre-deposits ordered – Financial distress in the balance sheet - Held that:- Prima-facie, the revenue may not be entirely incorrect, in adding the sales effected by M/s Robot Industries to sales affected by the assesse - but the matter merely relates to pre-deposit and the balance-sheet appended with the appeal, does indicate a degree of financial distress – Thus the assesse directed that in addition to the sum of Rs.25 lacs already deposited, he shall deposit another sum of Rs.49 lacs as a pre-condition to the hearing of its appeal – Decided partly in favour of Appellant.
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