9911796707
TMI Blog2013 (12) TMI 1277X X X X Extracts X X X X X X X X Extracts X X X X ..... T:- This appeal is directed against the order dated 27 August 2013 of the Central Excise & Service Tax Appellate Tribunal, West Zonal Bench, Mumbai, insofar as the Tribunal has directed the appellant to make a predeposit of Rs.1.10 crore as against the demand of service tax of Rs.4,48,26,443/- for the services rendered during 1 October 2005 and 28 February 2011 along with interest and penalty. 2 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts out that the Tribunal has observed in para 5.4 of the order that the appellant has substantial current assets of Rs.1.4 crore by way of trade receivables, cash and bank balances and short term loans and advances. However, those figures were for the previous reporting period, i.e. for the year ended 31 March 2011, but not the figures for the relevant year ended 31 March 2013, which was Rs.63.98 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 31 January 2014. On such compliance, the predeposit of balance amount of dues adjudged against the appellant and the recovery thereof shall stand stayed pending final disposal of the appeal. 6. We also record the statement being made by the learned counsel for the appellant that the aforesaid amount of Rs.55,00,000/- will be paid by the appellant without prejudice to its rights and contentions i ..... X X X X Extracts X X X X X X X X Extracts X X X X
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