https://www.taxtmi.com/caselaws?id=377410 The Tribunal held that the appellants were not liable to pay service tax on the notional interest accrued on an advance amount received for Renting of Immovable Property Services. The decision was based on the interpretation of relevant laws and previous case laws cited by the appellant, leading to the appeal being allowed and the demand for service tax on notional interest being set aside. This case clarifies the applicability of service tax in such scenarios and emphasizes the significance of legal precedents in tax matters. en-us Thu, 21 Feb 2019 00:00:00 +0530 Fri, 29 Mar 2019 07:31:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377410 The Tribunal held that the appellants were not liable to pay service tax on the notional interest accrued on an advance amount received for Renting of Immovable Property Services. The decision was based on the interpretation of relevant laws and previous case laws cited by the appellant, leading to the appeal being allowed and the demand for service tax on notional interest being set aside. This case clarifies the applicability of service tax in such scenarios and emphasizes the significance of legal precedents in tax matters. Case-Laws Service Tax Thu, 21 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377410