2016 (3) TMI 1003

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....rporation. It appears that the petitioner was awarded a contract and was appointed under the contract as sole agent for transportation of parcels to render other allied services and to operate courier services through the buses of the Corporation. The contract was given for the period of 36 months from year 2007-2010. Under the terms of the contract, payment of yearly amounts with monthly installments for the respective years was contemplated. For the year 2007-2008, early amount was Rs. 2,60,00,000/- and the monthly installment was Rs. 21,66,667/-. For the second year 2008-2009, yearly amount was Rs. 2,81,50,000/-, whereas monthly installment was Rs. 23,45,833/-. In the same way, for the year 2009-2010, Rs. 3,13,57,501/- was the yearly amo....

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.... being the interest and lastly, (iv) Rs. 24,21,125/- was the amount mentioned towards service tax paid by Corporation on behalf of the petitioner. Thus, the total amount of Rs. 76,41,753/- including aforesaid service tax amount was claimed by the Corporation from the petitioner. 5. The grievance of the petitioner is that the said amount of Rs. 24,21,125/- has been withheld by the Corporation by not releasing the amount of security deposit to the said extent. By impugned communication dated 30.09.2013, the petitioner was intimated that rest of the amount of security deposit of Rs. 24,21,125/- was kept towards service tax and would not be liable to be refunded and that the claim of the petitioner may endure only after the Corporation gets ....