2014 (10) TMI 605

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.... ORDER Per: P K Das: 1. The applicant filed this application for waiver of pre deposit of tax of Rs. 26,54,01,845/- along with interest and penalty for the period March 2009 to September 2009. 2. The learned advocate on behalf of the applicant submits that an amount of Rs. 14,83,51,647/- was demanded under reverse charge mechanism on the ground that they have received Information Techno....

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....rvices were rendered prior to 16.5.2008 and the payment was made later. He relied upon the decision of the Supreme Court in the case of Association of Leasing & Financial Service Companies Vs UOI-2010 (20) STR 417 (SC). 2.2 He submits that demand of Rs. 1.94 crores on ineligible cenvat credit and Rs. 2.24 crores on related to consumption of their BPO unit. He submits that the Commissioner of Ce....

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.... the definition of IT services received from Microsoft Corporation and intended for SEZ unit. 4. We find that in the case of Adani Power Ltd. (supra), unconditional stay was granted on the ground that the Notification No.4/2004-ST dt. 31.3.2004 specifically extended to the consumption of taxable service of any description to a developer of Special Economic Zone or any unit in any Special Econom....