Home Case Index All Cases Service Tax Service Tax + AT Service Tax - 2015 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (2) TMI 886 - CESTAT MUMBAIDemand of tax on notional interest - whether the appellant is required to pay service tax on notional interest accrued on security deposits for renting of immovable property is liable to service tax or not - Held that:- issue has been extensively considered by this Tribunal in the case of Magarpatta Township Developers & Construction Co. (supra), 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. Therefore, we hold that the appellant is not required to pay service tax on notional interest on security deposit under the category of renting of immovable property service. Impugned order is set aside - Decided in favour of assessee.
|