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2010 (12) TMI 472 - AT - Service TaxWaiver of pre-deposit - the appellant is recording its receipts on cash basis, Revenue cannot press for accountal under merchantile basis - The pressure shall disturb the entire accounting position and there may be double taxation in future - Held that: there is no statutory provision under Finance Act 1994 to follow a specific method of accounting like Income-tax under Section 145 of the Income-Tax Act, 1961 - Once an assessee opts to account for on cash basis, there is no mandate under law to press the assessee to change his method of accounting - Hence, waiver of pre-deposit of the balance demand during pendency of the appeal.
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