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2013 (12) TMI 1277 - BOMBAY HIGH COURTPre-deposits ordered to be made – Reduction of the amount of pre-deposit – Plea of financial hardship - Held that:- Assessee contended that they had been incurring losses - the activities of the appellant company are closed down and the order passed by the Tribunal requires modification - the interest of justice would be served taking into account the correct financial condition of the appellant if it is directed to make a pre-deposit of Rs.55,00,000 – upon such submission rest of the duty to be waived till the disposal – Partial stay granted.
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