2013 (11) TMI 254

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..... gainst Order-in-Appeal No. BR(63)/02/STC/06 dated 04/01/2006 passed by Commissioner of Central Excise (Appeals), Mumbai. 2. A service tax demand of Rs. 10,26,731/- was confirmed against M/s. Bombay Stock Exchange Ltd. for the period July 2003 to March 2004 towards 'Commercial training or Coaching" services rendered by them along with interest and penalties. 3. The Ld. Counsel for the appellant s .....

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..... cial organizations would not be liable to service tax. Later on, law was amended to cover all institutions who undertake training or coaching for consideration irrespective of the nature of the organization. Therefore, no malafide can be attributed to the appellant in not discharging the tax liability on time. Accordingly, he pleads for waiver of penalty imposed under Section 78 of the Finance Act .....

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..... coaching and training services rendered by even non-commercial organizations. 6. In view of the above, imposition of penalty under Section 78 of the Finance Act, is not warranted in the facts and circumstances of the case. Accordingly we set aside the penalty imposed under Section 78 of the Finance Act, 1994 on the appellant. The Ld. Counsel also submits that they have made some part payment of t .....

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