2009 (6) TMI 884 - AT - Service Tax

Summary

The judgment by Appellate Tribunal CESTAT CHENNAI involved waiver of pre-deposit of service tax of Rs. 45,90,000/- and penalty under Section 78, Section 77, and Section 76 of the Finance Act, 1994. The demand arose from the applicants being held to render commercial or industrial construction service. However, it was found that the advances were for purchasing materials, making them not liable to service tax. The tribunal waived the predeposit of tax and penalties, staying recovery pending appeal.