2012 (8) TMI 344

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....   Per : Mr. M.V. Ravindran;   This stay petition is filed for the waiver of pre-deposit of service tax of Rs. 4,78,816/- and penalty under various sections of Finance Act, 1994.   2. The above said amounts have been confirmed by the adjudicating authority and upheld by the first appellate authority on the ground that the appellant is not eligible to avail the benefit of No....

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....3.2011. In support of this claim, he would draw our attention to page No. 118, wherein one audit objection has been complied by them and agreed to by the audit team. It is his submission that once they have reversed the cenvat credit taken by them on common input services, there cannot be denying them the benefit of Notification No. 01/2006-ST is wrong, which has been claimed by them for rendering....