https://www.taxtmi.com/caselaws?id=251435 Section 67 of the Finance Act, 1994 limits service tax valuation to the consideration actually received for the taxable service. An interest-free refundable security deposit taken by the lessor as protection against default, utility charges, or damage was not consideration for leasing, and there was no evidence that it affected the rent fixed. In the absence of any deeming provision, notional interest on that deposit could not be added to the taxable value, and the service tax demand was unsustainable. en-us Wed, 16 Jul 2014 00:00:00 +0530 Wed, 09 Mar 2016 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251435 Section 67 of the Finance Act, 1994 limits service tax valuation to the consideration actually received for the taxable service. An interest-free refundable security deposit taken by the lessor as protection against default, utility charges, or damage was not consideration for leasing, and there was no evidence that it affected the rent fixed. In the absence of any deeming provision, notional interest on that deposit could not be added to the taxable value, and the service tax demand was unsustainable. Case-Laws Service Tax Wed, 16 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251435