2013 (10) TMI 298

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..... cation order dated 08.05.2012 assessed service tax liability of Rs.13,25,555/- besides confirming interest and penalties as specified, including penalty equivalent to the service tax demand, under Section 78 of the Finance Act, 1994. The petitioner's appeal was allowed by the CCE&ST (Appeals), Meerut-I by the order dated 27.12.2012. The appellate authority scaled down the extent of tax liability a .....

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..... n to refunds received from the Income Tax Department, which were also wrongly computed as the receipts from the taxable service provided. The petitioner had however failed to produce any evidence/ material in support of his contention either with regard to sale proceeds of the land allegedly sold to M/s. Organosys Ltd. or the refund amounts asserted to have been received from the Income Tax Depart .....

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..... his case before the authorities below. In the circumstances, we are inclined to grant waiver of pre-deposit of the liability confirmed in appeal, subject to the condition that the service tax component as determined by the Commissioner (Appeals) along with the proportionate interest thereon (excluding the component of penalties) is deposited within 8 weeks from today. Compliance shall be reported .....

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