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<h1>Appellate Tribunal Rules in Favor of Assessee: Notional Interest on Security Deposit Excluded from Assessable Value</h1> <h3>PARISHUDH SADHAN YANTRA PVT. LTD. Versus COMMR. OF C. EX., MEERUT</h3> The Appellate Tribunal CEGAT, New Delhi allowed the appeals in favor of the assessee, ruling that notional interest on security deposit should not be ... Valuation The judgment by Appellate Tribunal CEGAT, New Delhi addressed whether interest on security deposit should be included in assessable value. Referring to a Supreme Court case, it was concluded that notional interest on security deposit should not be added to assessable value. The appeals were allowed in favor of the assessee based on this decision.