2015 (2) TMI 886

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.... short issue involved in the matter is that whether the appellant is required to pay service tax on notional interest accrued on security deposits for renting of immovable property is liable to service tax or not. 3. The contention of the ld. counsel for the appellant is that the security deposit is refundable and only to secure default in payment of renting, utility charges or other charges paya....