CESTAT Mumbai: Waiver of pre-deposit for IPL sponsor on service tax, interest, penalty.

The Appellate Tribunal CESTAT Mumbai waived the pre-deposit of service tax, interest, and penalty amounting to Rs.5,76,80,000/- for the applicant who sponsored the Indian Premier League cricket tournament based on a previous stay order in a similar case, where sponsorship of a sports event was considered exempt during the disputed period.

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The Appellate Tribunal CESTAT Mumbai waived the pre-deposit of service tax, interest, and penalty amounting to Rs.5,76,80,000/- for the applicant who sponsored the Indian Premier League cricket tournament. This decision was based on a previous stay order in a similar case where sponsorship of a sports event was considered exempt during the disputed period. The appeal was listed for hearing along with a related case.

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