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2014 (12) TMI 419 - AT - Service TaxWaiver of pre-deposit of tax - sponsorship Service - Held that:- demand of service tax of ₹ 15,29,400/- on the amount, that the applicant created provision ‘Sponsorship expenses’ every year in their books of account. The learned Counsel for the applicant drew the attention of the Bench to the relevant portion of the Adjudication Order on this issue. On a perusal of the table at Para 9.01 of the order, we find that the applicant made a provisional arrangement for sponsorship in the books of accounts for every year, which was reversed in the subsequent financial year. It is seen from the table that reversed the amounts for the year 2006-07 to 2008-09 as mentioned provisions were reversed in the subsequent financial year. The dispute relates to provisions made in 2009-10. The applicant had contended before the Adjudicating authority that the said amount was reversed in the subsequent financial year 2010-11. Prima facie, we find that the applicant reversed the provisional amount in the subsequent financial year. - applicant has made out a strong prima facie case for waiver of pre-deposit of entire amount of tax along with interest and penalty till disposal of the appeal. Accordingly, pre-deposit of the entire amount of tax along with interest and penalty is waived and recovery thereof stayed till the disposal of the appeal - Stay granted.
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