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TMI Blog2019 (3) TMI 1431X X X X Extracts X X X X X X X X Extracts X X X X ..... OIDA [2018 (12) TMI 256 - CESTAT ALLAHABAD], where it was held that there was no reason to add notional interest in the monthly rent for the purpose of assessment of service tax - appeal allowed - decided in favor of appellant. - Appeal No.: ST/40771/2013 - Final Order No. 40355/2019 - Dated:- 21-2-2019 - Ms. Sulekha Beevi C.S., Member (Judicial) And Shri Madhu Mohan Damodhar, Member (Technical ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and, interest and imposed penalties. In appeal, the Commissioner (Appeals) upheld the same. Hence, this appeal. 3. On behalf of the appellant, Ld. Counsel Ms. S. Sridevi submitted that the appellant had rented out their premises and had received an amount of ₹ 30,00,000/- as advance deposit. The interest received on such deposit cannot be subject to levy of service tax. She relied upon th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... able Property Services. 7. The said issue stands covered by the decisions relied upon by the Ld. Counsel for the appellant. Following the same, we are of the view that the demand cannot sustain and requires to be set aside, which we hereby do. 8. The appeal is allowed with consequential benefits, if any, as per law. (Dictated and pronounced in open court) - - TaxTMI - TMITax - Servic ..... X X X X Extracts X X X X X X X X Extracts X X X X
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