2010 (12) TMI 707

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..... pondent. [Order per : M.V. Ravindran, Member (J) (Oral)]. -  This stay petition is filed for the waiver of pre-deposit of the following amounts :- (i)      Service Tax : Rs. 2,85,41,148/- along with interest (ii)    Penalty : Rs. 2,85,00,000/-. 2. Heard both sides and perused the records. 3. The learned counsel submits that the demand ha .....

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..... e credit availed, he would submit that the credit was availed on the Service Tax paid by one of the service providers to them as a Chartered Accountant and that these services were never utilized by the sub-contractors for any other purposes for providing exempted services. It is his submission that in any case, they have deposited an amount of Rs. 19.37 lakhs under the presumption that they are l .....

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..... other two contentions, we find that the matter needs to be gone into in detail which can be done only at the time of final disposal of the appeal. At this juncture, we are of the view that the amount of Rs. 19.37 lakhs deposited by the appellant during the proceedings before the adjudicating authority is enough deposit to hear and dispose off the appeal. The application for waiver of pre-deposit .....

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