2010 (7) TMI 1066

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ntant For the Respondent : Shri D.P. Nagendra Kumar, JCDR ORDER PER M.V. RAVINDRAN(ORAL) This stay petition is filed for the waiver of pre-deposit of the following amounts:- (i) Service Tax of Rs. 2,33,05,777/- (ii) Interest as per Section 75 of the Finance Act, 1994 (iii) Penalties: (i) 2% per month u/s 76; (ii) Rs. 1000/- u/s 77 and (iii) Rs. 2,34,00,000 u/....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....2010 dated 21.12.2009, this Bench has granted an unconditional waiver. 4. The learned JCDR submits that the issue needs to be considered from the provisions of Section 67 of the Finance Act, which envisages the value of the taxable services has to be considered from the point of view that the consideration received in cash and kind. It is his submission that the amount, which has been paid for ....