2010 (12) TMI 707

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....P. Nagendra Kumar, JCDR, for the Respondent. [Order per : M.V. Ravindran, Member (J) (Oral)]. -  This stay petition is filed for the waiver of pre-deposit of the following amounts :- (i)      Service Tax : Rs. 2,85,41,148/- along with interest (ii)    Penalty : Rs. 2,85,00,000/-. 2. Heard both sides and perused the records. 3.&ems....

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....ervices. It is his submission that as regards the credit availed, he would submit that the credit was availed on the Service Tax paid by one of the service providers to them as a Chartered Accountant and that these services were never utilized by the sub-contractors for any other purposes for providing exempted services. It is his submission that in any case, they have deposited an amount of Rs. 1....