2007 (7) TMI 271 - AT - Service Tax

Penalty - Security Agencies - service tax liability had not been discharged on gross value but appellants paid the amount even before the adjudication order was passed - held that once the Deputy Commissioner exercises his discretion conferred on him under section 80 to drop the proceedings it is not open to Review Authority to impose penalty on them - there is enough justification for waiver of pre-deposit of penalties

Summary

The Appellate Tribunal CESTAT, Bangalore ordered full waiver of pre-deposit of penalties imposed on the appellants under various sections of the Finance Act, 1994 until the appeal is disposed of. The stay application is allowed, and the matter will come up for final hearing in due course.