2013 (10) TMI 812

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..... - Accordingly, we grant waiver of pre-deposit of penalty and stay all further proceedings pursuant to the adjudication order on the condition that petitioner remits the balance service tax liability assessed plus interest thereon, and in addition remits 25% of the penalty assessed under Section 78 of the Act, within four weeks from today and reports compliance on 16.9.2013. In default, there shal .....

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..... use notice, pursuant to investigation. The material on record discloses that petitioner had collected service tax from its clients but failed to remit the same to the credit of Revenue, apparently on account of the change in the previous Board of Directors. 2. Counsel for the petitioner urges that in any event, there is no justification for imposing penalty under Section 78, of an amount equival .....

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..... edit for the amount remitted), and in addition remits 25% of the penalty assessed under Section 78 of the Act, within four weeks from today and reports compliance on 16.9.2013. In default, there shall be failure of pre-deposit and consequently the appeal shall stand dismissed. Ld. counsel for the appellant is present in the Court and has noted this order. This constitutes sufficient intimation to .....

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