https://www.taxtmi.com/caselaws?id=789142 Service tax valuation under section 67 of the Finance Act, 1994 is limited to the actual consideration received for the service, so notional interest on a refundable security deposit taken for locker services could not be added to the taxable value. The deposit served a collateral purpose and was not consideration for the service, and in the absence of express statutory authority to tax deemed interest, the demand was unsustainable. The Tribunal also noted that the issue was covered by its earlier decision in the same appellant's case. en-us Thu, 26 Feb 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789142 Service tax valuation under section 67 of the Finance Act, 1994 is limited to the actual consideration received for the service, so notional interest on a refundable security deposit taken for locker services could not be added to the taxable value. The deposit served a collateral purpose and was not consideration for the service, and in the absence of express statutory authority to tax deemed interest, the demand was unsustainable. The Tribunal also noted that the issue was covered by its earlier decision in the same appellant's case. Case-Laws Service Tax Thu, 26 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789142