2015 (7) TMI 427 - HC - Service Tax

Waiver of pre-deposit - Tribunal directed the assessee to remit ₹ 30.65 lakhs against huge demand in its order 2014 (10) TMI 132 - CESTAT BANGALORE - Held that - The Tribunal recorded its reasons as to how the amount directed to be deposited was arrived at. The amount involved in the appeal was substantially higher than that directed to be deposited as a condition precedent for granting stay. The order under appeal however reflects the reasoning of the Tribunal for scaling down the amount. - Decided against the revenue.

Summary

The High Court of Andhra Pradesh upheld the Tribunal's order directing the assessee to remit Rs. 30.65 lakhs as a condition for granting stay on further proceedings. The appeal against the Tribunal's decision was dismissed for lack of merit.