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2007 (3) TMI 261 - SUPREME COURTStay/Dispensation of pre-deposit - Extension of time period for making pre deposit - Held that:- It is admitted position that inspite of granting several adjournments to the petitioner by this Court, the amount directed by the High Court has not yet been deposited. The learned counsel appearing for the petitioner, however, submits that as the petitioner has already approached the BIFR, it seeks some more time to comply with the order of the High Court. Considering this aspect of this matter and after hearing the learned counsel for the petitioner, we are of the view that time to comply with the order of the High Court shall stand extended for a further period of three months from date. If such deposit is made within the time specified hereinabove, the appeal shall be heard and disposed of on merits and in default the question of hearing of the appeal on merits may not arise at all - Decided partly in favor of assessee.
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