https://www.taxtmi.com/caselaws?id=771714 CESTAT NEW DELHI held that notional interest on interest-free security deposits collected by lessors from tenants cannot be included in taxable value for service tax purposes. The Tribunal relied on precedents from Murli Realtors and Binani Safe Deposit Vaults, ruling that only actual rent constitutes consideration for property leasing services, not theoretical interest calculations on security deposits. The department's attempt to levy service tax on notional interest was rejected. Appeal allowed in favor of the appellant. en-us Thu, 15 May 2025 00:00:00 +0530 Thu, 29 May 2025 10:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771714 CESTAT NEW DELHI held that notional interest on interest-free security deposits collected by lessors from tenants cannot be included in taxable value for service tax purposes. The Tribunal relied on precedents from Murli Realtors and Binani Safe Deposit Vaults, ruling that only actual rent constitutes consideration for property leasing services, not theoretical interest calculations on security deposits. The department's attempt to levy service tax on notional interest was rejected. Appeal allowed in favor of the appellant. Case-Laws Service Tax Thu, 15 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771714