2012 (3) TMI 563

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..... r per : M.V. Ravindran, Member (J)]. - This stay petition is filed for the waiver of the pre-deposit of an amount of ₹ 6,27,89,801/- confirmed as service tax liability and interest thereof and equivalent amount of penalty under Section 78 of the Finance Act, 1994 on the ground that during the period 10-9-2004 to 30-9-2008, appellant had not disclosed the correct gross value for the services .....

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..... from time to time. It is also his submission that Revenue authorities have denied them the benefit of the notification for the demand of service tax raised to the show cause notice. 3. Ld. departmental representative would reiterate the findings of the authorities. 4. On careful consideration of the submissions made by both sides, we find that the Service Tax Valuation Rules came into existe .....

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..... hardship, we direct the appellant to deposit an amount of ₹ 60 lakhs within four weeks from today and report compliance on 1-5-2012. Subject to such compliance being reported, application for the waiver of pre-deposit of the balance amounts involved is allowed and recovery thereof stayed till the disposal of appeal. (Dictated and pronounced in the Court) - - TaxTMI - TMITax - Servi .....

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