2014 (8) TMI 920 - CESTAT MUMBAI - Service Tax

Head Note / Extract:
Waiver of pre deposit - renting of immovable property service - Revenue wants to add to the assessable value of taxable service the notional interest on the security deposits received from the lessees - Held that:- Tribunal in the case of Magarpatta Township Development & Constructions Co. Ltd. vs. CCE, Pune-III reported in [2013 (7) TMI 669 - CESTAT MUMBAI] waived the pre deposit of the dues which were confirmed on the same grounds. In view of the above stay order, pre-deposit of the dues is waived and recovery of the same is stayed during the pendency of the appeal - Stay granted.