2013 (3) TMI 423

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.... This is a stay application filed by M/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....

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....unt involved in this case is now reduced to 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 c....

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....t in view of the absence of any provision under 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 ....