https://www.taxtmi.com/highlights?id=50084 The amount is refundable in case of termination of the ownership agreement and if no such termination has taken place till date, the amount would not be refunded. As long as the provisions for refund of the said amount in the agreement itself is there, it has to be considered that the said amount is refundable and was towards security deposits - Demand set aside. en-us Thu, 07 Nov 2019 06:11:34 +0530 Thu, 07 Nov 2019 06:11:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=50084 The amount is refundable in case of termination of the ownership agreement and if no such termination has taken place till date, the amount would not be refunded. As long as the provisions for refund of the said amount in the agreement itself is there, it has to be considered that the said amount is refundable and was towards security deposits - Demand set aside. Highlights Service Tax Thu, 07 Nov 2019 06:11:34 +0530 https://www.taxtmi.com/highlights?id=50084