TMI Blog2017 (8) TMI 1154X X X X Extracts X X X X X X X X Extracts X X X X ..... s put forward reasonable cause to condone the delay. However, since the delay is of 722 days each in both the appeals, which is highly inordinate, we are of the considered view that appellant has to be put to payment terms - COD application allowed, subject to payment - decided partly in favor of appellant. - E/COD/40152-40153/2016 in E/40445-40446/2016 - 40235-40236/2017 - Dated:- 5-6-2017 - M ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ing Director. In the month of January, 2016, during the course of audit of the financial accounts by the Statutory Auditors, certain financial impropriety by the Indian management of the applicant-company were noticed and the same were brought to the notice of the holding company. The enquiry revealed financial impropriety in the Appellant company by the M.D., Mr. Murali Mohan and immediately he h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cision to file an appeal against the above said OIA dt. 21.01.2014 along with a condonation application for delay. For the above reasons, he pleaded that delay may be condoned. 3. Against this, Ld. A.R Shri K.P. Muralidharan for Revenue opposes the applications. He submitted that there is inordinate delay of 722 days and that appellant has not explained each days delay. 4. We have heard the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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