1999 (11) TMI 329

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..... S/Shri J.H. Joglekar, G.N. Srinivasan, JJ. REPRESENTED BY : Shri A.K. Patnaik, Advocate, for the Appellant. Shri Deepak Kumar, SDR, for the Respondent. [Order per : G.N. Srinivasan, Memb .....

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..... appellant, the ld. Counsel informs us that the firm s turnover is over Rs. One crore. The amount involved is Rs. Two lakhs of penalty. Nothing prevented the applicant from depositing 2% of the turnov .....

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