2013 (12) TMI 963

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.... Shri R. Nagar, AR, for the Respondent. ORDER This Stay Petition is filed for waiver of pre-deposit of an amount of Rs. 2,64,57,777/- confirmed as Service Tax liability on the appellant under the category of Business Support Services, interest thereof and penalties under Sections 77 & 78 of Finance Act, 1994. 2. Heard both sides and perused the records. 3. Ld. Counsel submits....

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....4. Ld. SDR reiterates the findings of the adjudicating authority and submits that writing off is also another way of book adjustment. 5. After carefully considering the submissions by both sides, we find that the adjudicating authority, in paragraph 16.6, has recorded that the amount has been written off in the books of account of the appellant in respect of their associated enterpris....