https://www.taxtmi.com/caselaws?id=364775 The Tribunal ruled in favor of the appellant, setting aside the service tax demand on notional interest accruing on lump sum amounts received under a lease agreement. While acknowledging the service tax liability on the portion of the lump sum designated for rent, the Tribunal held that notional interest on interest-free security deposits should not attract service tax. The decision emphasized the lack of evidence linking the security deposit to the rent amount, ultimately allowing the appeal and rejecting the inclusion of notional interest in the service tax calculation. en-us Mon, 16 Jul 2018 00:00:00 +0530 Sat, 04 Aug 2018 08:29:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364775 The Tribunal ruled in favor of the appellant, setting aside the service tax demand on notional interest accruing on lump sum amounts received under a lease agreement. While acknowledging the service tax liability on the portion of the lump sum designated for rent, the Tribunal held that notional interest on interest-free security deposits should not attract service tax. The decision emphasized the lack of evidence linking the security deposit to the rent amount, ultimately allowing the appeal and rejecting the inclusion of notional interest in the service tax calculation. Case-Laws Service Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364775