https://www.taxtmi.com/caselaws?id=221657 The appellant, a Stock Broking Agent, filed a stay application against the confirmation of Service Tax and penalty for the period from 1995-96 to 1996-97. The main issue was the non-payment of Service Tax on "Vyaj Badla Transactions," with the appellant arguing the demand was time-barred and there was confusion in the market regarding taxability. The judge found merit in the appellant's arguments based on limitation and the conversion of the proprietorship concern to a Pvt. Ltd. Company. Consequently, the judge waived the pre-deposit and granted a stay against the recovery of the Service Tax amount, interest, and penalty during the appeal's pendency. en-us Mon, 02 Jul 2012 00:00:00 +0530 Fri, 22 Mar 2013 22:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221657 The appellant, a Stock Broking Agent, filed a stay application against the confirmation of Service Tax and penalty for the period from 1995-96 to 1996-97. The main issue was the non-payment of Service Tax on "Vyaj Badla Transactions," with the appellant arguing the demand was time-barred and there was confusion in the market regarding taxability. The judge found merit in the appellant's arguments based on limitation and the conversion of the proprietorship concern to a Pvt. Ltd. Company. Consequently, the judge waived the pre-deposit and granted a stay against the recovery of the Service Tax amount, interest, and penalty during the appeal's pendency. Case-Laws Service Tax Mon, 02 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221657