CESTAT exempts appellant from pre-deposit for service tax on business auxiliary services

The Appellate Tribunal CESTAT NEW DELHI waived the pre-deposit of service tax and penalty for an appellant providing business auxiliary services to a financial company, who had already paid 50% of the tax amount. The tribunal considered the amount paid to be adequate and exempted the appellant from further pre-deposit requirements.

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The judgment by Appellate Tribunal CESTAT NEW DELHI involved a waiver of pre-deposit of service tax and penalty for an appellant who had already paid 50% of the tax amount. The appellant was considered a provider of business auxiliary service to a financial company, but argued for exemption under specific notifications. The tribunal found the amount already paid to be sufficient and waived the remaining pre-deposit.

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