2008 (3) TMI 116

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....-1. This is a stay application against the order of Commissioner (Appeals) who has confirmed the order of the Asst. Commissioner denying input service credit of Rs. 2,10,717/- and imposing a penalty of equivalent amount which was reduced by Commissioner to only Rs. 10,000/-. 2. After hearing for sometime I felt that the appeal itself can be disposed of on merits and also noticed that an amount of....