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of <h1>SC granted leave and ordered parties to maintain status quo until further orders.</h1> SC granted leave and ordered parties to maintain status quo until further orders. - 2017 (6) G.S.T.L. J61 (SC) Suppression of facts - Penalty u/s 78 of the FA, 1994 - failure to discharge liability of tax - intention to evade duty present or not - extended period of limitation - the decision in the case of Future Link India Versus The Commissioner Of Central Excise, Delhi- III [2016 (12) TMI 1279 - DELHI HIGH COURT] contested, where it was held that the assessee/appellant has the option to deposit the balance service tax together with accumulated interest and penalty of 25% of the entire tax due, within the period indicated in the third proviso to Section 78(1) - Status quo obtaining as of today, shall be maintained by the parties, until further orders. The Supreme Court granted leave in the case and ordered that the status quo be maintained by the parties until further orders.
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