TMI Blog2007 (9) TMI 118X X X X Extracts X X X X X X X X Extracts X X X X ..... is set aside - ST/179/2007/SM - 1532/2007-SM(BR) (PB) - Dated:- 14-9-2007 - [Order per] - Heard both sides. The appellants filed this appeal against the adjudication order passed by the Commissioner of Central Excise whereby a demand of service tax amounting to Rs. 21,955/- was confirmed and penalties were imposed. The appellants were providing the service of stock broker. 2. A show cause ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ase may be in accordance with the Rules made under the Securities and Exchange Board of India Act, 1992. The demand was confirmed for the period 10-9-2004 to 30-9-2004 on the assessee on the ground that there is no evidence regarding depositing of service tax of the portion of taxable value charged by sub broker. 4. The contention of the appellant is that it is not disputed by the revenue and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pute, has not been produced by the appellants. Hence the demand was rightly made. 6. I find that the demand was confirmed in respect of the portion of taxable value of taxable service charged by the sub broker during the period 10- 9-2004 to 30-9-2004 from the appellants who is a stock broker. With effect from 10-9-2004, the sub brokers were also liable to pay service tax as they were specific ..... X X X X Extracts X X X X X X X X Extracts X X X X
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