https://www.taxtmi.com/caselaws?id=774773 The CESTAT New Delhi held that service tax cannot be levied on notional interest earned on security deposits collected for renting safe deposits and private lockers. While the appellant was liable for service tax on rental amounts (which they were already paying), the tribunal ruled that notional interest on security deposits from service recipients does not attract service tax liability. The impugned order was set aside and the appeal was allowed for the period April 2015 to March 2017. en-us Fri, 11 Jul 2025 00:00:00 +0530 Tue, 15 Jul 2025 08:39:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=774773 The CESTAT New Delhi held that service tax cannot be levied on notional interest earned on security deposits collected for renting safe deposits and private lockers. While the appellant was liable for service tax on rental amounts (which they were already paying), the tribunal ruled that notional interest on security deposits from service recipients does not attract service tax liability. The impugned order was set aside and the appeal was allowed for the period April 2015 to March 2017. Case-Laws Service Tax Fri, 11 Jul 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=774773