Court Denies Stay on Service Tax Audit Proceedings; Petitioners Advised to Address Show Cause Notices Under Finance Act, 1994.

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....Competence of the CAG to audit - prayer of the petitioners to grant a stay of further proceedings, pursuant to the show cause notices issued to them by the respondents, is not granted and the petitioners are relegated to the alternate remedy of pursuing the show cause notices before the authorities under the Finance Act, 1994 - HC....