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2012 (8) TMI 999

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..... This stay petition is filed for the waiver of pre-deposit of the following amounts: Appellant Service Tax Penalty Interest M/s. Edelweiss Financial Advisors Ltd. Rs.7,88,999/- i) ₹ 200/- per day or 2% of service ta .....

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..... Ld. counsel would draw our attention to the fact that the show cause notice which was issued to the appellant was in respect of charging them service tax under the category of banking and other financial services, while the adjudicating authority has confirmed the demand of service tax liability under the head of business auxiliary service. It is also his submission that no corrigendum was issued .....

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..... o-away by the adjudicating authority, confirmed the demand under the business auxiliary services for which no notice has been issued to them. We also find that as per coordinate bench decision in the case of Excel Fin Cap Ltd., issue as regards the non inclusion of terminal charges recovered from the investors for the taxable value is covered in their favour. In short, we find that the appellant h .....

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