2013 (3) TMI 423

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....s. B.H.H. Securities Pvt. Ltd. (hereinafter referred to as "the applicant") against the confirmation of Service Tax of Rs.2,09,298/- for the period from 1995-96 to 1996-97 as confirmed in Order-in-Appeal dated 30.12.2010. The penalty also imposed equal to tax amount under Section 78 of the Finance Act, 1994 by the original adjudicating authority and penalty amount has been reduced by the Commissio....

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.... Rs.2,09,298/-. 3. Learned Counsel appearing for the applicant submitted that the demand is time barred. He further submitted that demand is on amount collected as "Vyaj Badla Transactions". At that time there was confusion prevailing in the market and applicant was under bonafide belief that such transaction would not attract Service Tax. He further contended that the brokerage was brought under....

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....er Section 11 demand of Service Tax from the successor Pvt. Ltd. Co. is not maintainable and accordingly, they have strong case for granting stay to them. 4. Learned Deputy Commissioner (Authorised Representative) appearing for the Revenue reiterated the findings of lower authorities. She submitted that the proprietorship concern was looked after by the same person. In the Balance Sheet they have....