2013 (12) TMI 1277

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....:- This appeal is directed against the order dated 27 August 2013 of the Central Excise & Service Tax Appellate Tribunal, West Zonal Bench, Mumbai, insofar as the Tribunal has directed the appellant to make a predeposit of Rs.1.10 crore as against the demand of service tax of Rs.4,48,26,443/- for the services rendered during 1 October 2005 and 28 February 2011 along with interest and penalty. 2.....

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....ts out that the Tribunal has observed in para 5.4 of the order that the appellant has substantial current assets of Rs.1.4 crore by way of trade receivables, cash and bank balances and short term loans and advances. However, those figures were for the previous reporting period, i.e. for the year ended 31 March 2011, but not the figures for the relevant year ended 31 March 2013, which was Rs.63.98 ....