2012 (5) TMI 376

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....ndaram, Vice-President]. - We have heard both sides on the application for waiver of pre-deposit of interest of Rs. 48,45,262/- together with penalty of Rs. 89,38,425/-, covering the period October, 2006 to December, 2007. The demand of interest is on the ground that the assessees delayed in paying the service tax on transactions between associated enterprises. 2. The contention of the ass....