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2014 (10) TMI 971 - AT - Service TaxLiability of service tax - Notional interest accrued on security deposits for renting of immovable property - Held that: - this issue has been extensively considered by this Tribunal in the case of Magarpatta Township Developers & Construction Co. [2014 (9) TMI 461 - CESTAT MUMBAI], wherein this Tribunal held that notional interest on security deposit cannot be added to rent agreed upon between the parties for the purpose of levy of service tax for renting of immovable property - appellant is not required to pay service tax on notional interest on security deposit under the category of renting of immovable property service - appeal allowed - decided in favor of appellant.
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