2013 (8) TMI 87

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..... by the appellant – Held that:- Issue involved in this case is debatable one - Collecting the charges by the appellant from his customers and paying the same to Commodity Exchange for Computing Linkage, prima-facie, will not fall under the category of Stock Broker Services - Appellant has made out a prima facie case for the waiver of pre-deposit of amounts involved – Waiver of pre-deposit allowed .....

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..... ellant has not collected anything more than the amount which they have paid to the Commodity Exchange. It is his submission that this activity of the appellant of collecting the Computing Linkage Charges and paying to the Commodity Exchange is nothing but reimbursable expenses paid by them. It is his submission that the gross value is being determined under the provisions of rule 5(1) of the Servi .....

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..... liability has been raised on the Commodity Exchange for providing these services. In our view, collecting the charges by the appellant from his customers and paying the same to Commodity Exchange for Computing Linkage, prima-facie, will not fall under the category of Stock Broker Services. 5. Accordingly, we are of the view that appellant has made out a prima facie case for the waiver of pre-de .....

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