https://www.taxtmi.com/caselaws?id=213523 Waiver of pre-deposit and stay of recovery were granted in a dispute over service tax on transactions between associated enterprises, where the demand for interest and penalty arose from alleged delay in payment. The assessee argued that the amendment to section 67, which treated tax as payable on entry in the books of account, operated prospectively from 10-05-2008 and not retrospectively. On that prima facie basis, reinforced by an earlier Tribunal order on the same issue, the disputed interest and penalty were protected pending appeal. en-us Mon, 27 Jun 2011 00:00:00 +0530 Wed, 25 Apr 2012 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213523 Waiver of pre-deposit and stay of recovery were granted in a dispute over service tax on transactions between associated enterprises, where the demand for interest and penalty arose from alleged delay in payment. The assessee argued that the amendment to section 67, which treated tax as payable on entry in the books of account, operated prospectively from 10-05-2008 and not retrospectively. On that prima facie basis, reinforced by an earlier Tribunal order on the same issue, the disputed interest and penalty were protected pending appeal. Case-Laws Service Tax Mon, 27 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213523