No stay for financial crisis if Assessee remains invested in shares

CESTAT, AHMEDABAD BENCH Trivedi Associates Versus Commissioner of Service Tax, Ahmedabad ORDER NO. S/2117/WZB/AHD./2012 APPLICATION NO. ST/S/793 OF 2012 APPEAL NO. ST/329 OF 2012 SEPTEMBER 21, 2012 ORDER 1. The appellants are engaged in construction of petroleum outlets for M/s Indian Oil Corporation Ltd. and on the ground that the appellant has not paid the Service Tax under the category of Commercial or Industrial Construction during the year September 2004 to October 2005, proceedings were initiated which culminated into demand of Service Tax of Rs. 2,31,317/- with interest...