2007 (4) TMI 96

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..... g commission and has brought the terms of agreement under the category of 'Business Auxiliary Services' - Held that the revenue contention is not correct and stay application allowed by granting waiver of pre-deposit
[Order per: S.L. Peeran, Member (J)]. - The appellant is required to pre-deposit Rs. 3,42,251/ -. They have entered into business agreement with their co venture M/s. Geojit Infofi .....

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..... ants and the M/s. Geojit Infofin Technologies Ltd. were carrying on joint business activity on the basis of sharing the profits in the ratio of 75:25. There is also share of losses. In view of this position, prima facie appellant cannot be said to be promoting business and marketing the products on commission basis. Appellants have very strong case on merits. Hence, the stay application is allowed .....

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