2014 (8) TMI 920 - AT - Service Tax

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.

Summary

The Appellate Tribunal CESTAT MUMBAI granted waiver of pre-deposit of dues for the applicant providing renting of immovable property service. The Tribunal referred to a previous case where pre-deposit was waived on similar grounds, and stayed the recovery of dues during the appeal's pendency. The appeal was listed to be heard on a specific date.