2014 (2) TMI 668

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..... : Mr. M.V. Ravindaran; This stay petition is filed for the waiver of pre-deposit of service tax of Rs. 29,18,176/-, interest thereof and equal amount of penalty under Section 78 of the Finance Act, 1994. 2. The above said amounts have been confirmed by the lower authorities on the ground that the appellant has rendered services under the category of Stock Broker Services. 3. Learned counsel wou .....

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..... he clients i.e. the companies which issued the IPOs. It is his submission that the service tax liability which has been demanded is also hit by limitation. 4. Learned Superintendent (A.R.) would submit that in the appellants own case, vide stay order dated 01.8.2012, this Bench has granted stay only on the ground that the show cause notice was issued for collecting the service tax for some other .....

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..... . We find that the appellant needs to be put to some conditions to hear and dispose the appeal. Accordingly, we direct the appellant to deposit an amount of Rs. 1,50,000/- (Rupees one lakh fifty thousand only) within a period of eight weeks from today and report compliance on 14.5.2013 before the Deputy Registrar. Deputy Registrar on ascertaining such compliance, will place the matter before the B .....

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