2006 (9) TMI 566 - AT - Service Tax

Summary

The Appellate Tribunal CESTAT CHENNAI ruled in favor of the appellants, Chartered Accountants, regarding a Service Tax demand of over &8377; 27.5 lakhs for the period 16-10-1998 to 31-7-2002. The demand was based on "Management Consultancy" service, but the Tribunal found that a specific amendment did not have retrospective effect. Therefore, waiver of pre-deposit and stay of recovery were allowed for the Service Tax amount.