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TMI Blog2013 (2) TMI 5X X X X Extracts X X X X X X X X Extracts X X X X ..... [Order per : M. Veeraiyan, Member (T)]. - Heard both sides on the stay petition. 2.1 The applicant is a dealer of motor vehicle and claims to have provided some space in their premises to the bank/financial institution. They received an amount of Rs. 20,67,573/- for the period 1-7-2003 to 31-3-2006 from the bank and recorded the same as incentive received, in their balance sheet. They also ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... titution was for the purpose of providing office space along with furniture and they have not promoted the business activities of the said bank/financial institution. Similarly, the extra amount collected from the customers for registration was for the work relating to registration on optional basis and the same cannot be treated as falling under BAS. 4. Ld. SDR reiterates the findings and r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nd circumstances of the case into account, we direct the applicant to deposit an amount of Rs. 1 lakh (Rupees one lakh only) within six weeks from today and to report compliance before Assistant Registrar on 3-1-2012 and the Assistant Registrar place a report before the Bench on 11-1-2012. Subject to deposit of the above amount, we waive the pre-deposit of balance dues as per the impugned order an ..... X X X X Extracts X X X X X X X X Extracts X X X X
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