2009 (9) TMI 732

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....s. Sudha Koka, SDR, for the Respondent. ORDER This stay petition is directed against waiver of pre-deposit of the following amounts. Service Tax of Rs. 4,26,78,338/- Penalty of Rs. 5000/- u/s 77 Penalty of Rs. 100/- per day up to 17-4-2006 and Rs. 200/- or @ 2% of the tax whichever is higher u/s 76. 2. Heard both sides and perused the records. 3. Confirmation of demand of serv....

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....s. He would draw our attention to the fact that they have deposited an amount of Rs. 47,00,000/- as R&D Cess for the period 18-4-06 to 31-3-2007 and would submit that the benefit of Notification No. 17/04 will be applicable to them. It is his submission that the appellant/applicant is making loss and produces a balance sheet for the year ended 31st December 2008 and draws our attention to the prof....