https://www.taxtmi.com/caselaws?id=450287 CESTAT NEW DELHI held that service tax cannot be levied on notional interest calculated on security deposits collected from tenants. The appellant disputed liability only for service tax on notional interest from security deposits, not on rental amounts. Following precedents in Murali Realtors Private Ltd and M/s Singhal Premises, the Tribunal ruled that service tax liability does not extend to notional interest on security deposits. The impugned orders were set aside and appeal was allowed. en-us Thu, 01 Feb 2024 00:00:00 +0530 Fri, 01 Mar 2024 10:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450287 CESTAT NEW DELHI held that service tax cannot be levied on notional interest calculated on security deposits collected from tenants. The appellant disputed liability only for service tax on notional interest from security deposits, not on rental amounts. Following precedents in Murali Realtors Private Ltd and M/s Singhal Premises, the Tribunal ruled that service tax liability does not extend to notional interest on security deposits. The impugned orders were set aside and appeal was allowed. Case-Laws Service Tax Thu, 01 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450287