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2014 (3) TMI 604 - AT - Service TaxWaiver of predeposit of Service Tax - Imposition of penalty u/s 76 & 78 - Held that:- service tax liability on the Applicant has been fastened on the ground of rendering taxable service namely, commercial as well as residential construction services for the period from 2004-05 to 2007-08 - after allowing the abatement and ignoring the principle laid down in Jaihind Projects Ltd.’s case (2010 (1) TMI 186 - CESTAT, AHMEDABAD), the liability would be reduced to Rs.42.00 lakh. - Considering the financial hardship pleaded by the Applicant, we are of the view that the offer made by the ld. Chartered Accountant to deposit Rs.20.00 lakh out of the said liability of Rs.42.00 lakh, is reasonable. - stay granted partly.
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