TMI Blog2010 (10) TMI 449X X X X Extracts X X X X X X X X Extracts X X X X ..... assessee as Handum Industries Ltd., the main appellant - The applicants are Managing Director/employees of the main appellant and there is no reason for taking any objection for deposit by the company against the said employees - As regards the deposit made on behalf of other company ,find that it could be possible that M/s. Handum Industries Ltd., in order to prosecute the appeal filed by other ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ated 17-12-2009, these four appellants were directed to deposit 10% of the amount of penalties imposed on them for hearing the appeals. Aggrieved by the Order of the Bench for pre-depositing the amounts against the main applicant, the appellant had moved the Hon ble High Court of Andhra Pradesh and the Hon ble High Court, had directed the main applicant to deposit an amount of Rs. 1,05,00,000/- wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the amounts deposited by the main appellant should be considered as deposit made and complied by the main appellant and not these applicants. 4. On a careful consideration of the submissions made by both sides, we find that the applicants Mr. P.V. Ramana Reddy, Mr. Ch. Jawahar Babu and Mr. Y.S. Chowdary are Managing Director/employees of the main appellant and there is no reason for taking any ..... X X X X Extracts X X X X X X X X Extracts X X X X
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