2012 (7) TMI 109

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....Mr. M.V. Ravindran;   This stay petition is filed for the wavier of pre-deposit of amount of service tax of Rs. 11,24,595/- interest thereof and equal amount of penalty.   2. The above said amounts have been confirmed by the adjudicating authority and upheld by the first appellate authority on the ground that appellant is liable to pay service tax on the amount received by them for ren....

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.... in respect of the property tax paid by the appellant for the shops and property rented out by them. In our considered view the issue needs to be considered by the adjudicating authority from the point of view of retrospective amendment and also for the extension of benefit of Notification No. 24/2007-ST, as regards the calculation of the gross value excluding the property tax paid by the appellan....