2014 (10) TMI 971

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..... Tribunal in the case of Magarpatta Township Developers & Construction Co. [2014 (9) TMI 461 - CESTAT MUMBAI], 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 - appellant is not required to pay service tax on notional interest on security deposit un .....

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..... 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 aside. 4. On the other hand, ld. AR supported the impugned order. 5. Co .....

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