2015 (2) TMI 886

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..... e of Magarpatta Township Developers & Construction Co. (supra), wherein this Tribunal held that notional interest on security deposit cannot be added to rent agreed upon between the parties for the purpose of levy of service tax for renting of immovable property. Therefore, we hold that the appellant is not required to pay service tax on notional interest on security deposit under the category of .....

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..... , the notional interest on security deposit is not subject to the service tax under the category of renting of immovable property service. To support this contention, he relied on the decision of the Tribunal in the case of Magarpatta Township Developers Construction Co. Ltd. vide Order no. A/1366-1374/14/CSTB/C-I dated 16.07.2014. He further prayed that the impugned order is required to be set .....

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