2014 (2) TMI 386

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....nd Rs.5,79,02,314/- in Appeal No. ST/259/2012) along with interest and penalties. The applicants are engaged in the business of construction of commercial and residential complexes. Show Cause Notice dated 24.6.2009 was issued proposing demand of service tax of Rs.2,84,19,044/- for the period April 2007 to March 2008 and confirmed revised demand of Rs.1,18,81,711/-. Show Cause Notice dated 23.10.2009 proposed demand of tax of Rs.5,91,38,314/- for the period 2008-09 and revised demand was confirmed to Rs.5,79,02,314/-. 3. The learned counsel submits that in Appeal No. ST/258/2012, the major amount of Rs.94,62,842/- involves on Thooraipakkam STP (Software Technology Park) project by adopting arbitrary valuation of cost of land. He submits ....

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...., it is submitted that they are liable to pay tax on land owner share of construction of Rs.1,018/- per sq. ft. but the adjudicating authority adopted the value of Rs.2,300/- per sq. ft. without considering that they have handed over the flat at the shell stage and furnishing activities were not undertook by them. 6. Regarding the demand of tax of Rs.1,06,22,800/- relating to residential project work relating to Sriperumbudur services rendered to land owners, it is submitted that only an amount of Rs.50/- per sq. ft. should have adopted for demanding the service tax instead of the comparable realization adopted in the show-cause notice. 7. The learned AR reiterates the findings of the Commissioner. He submits that for each and every i....