2014 (7) TMI 826

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..... vindran When this stay petition was called out, after hearing both sides, we find that he appeal itself could be disposed of at this juncture as it lies in a narrow compass. Accordingly, the application for the waiver of pre-deposit of amounts involved is allowed and we take up the appeal for disposal. 2. Learned counsel brings to our notice that this is second round of litigation and the issue .....

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..... ility or not. We find strong force in the contentions raised by the learned counsel that the judgment of the Larger Bench of the Tribunal in the case of Bhayana Builders (P) Limited (supra) will be directly applicable, and this is the view we have taken in an identical issue in respect of the very same issue in the case of Viral Builders. 4. Accordingly, in view of the judicial pronouncements, we .....

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