AAR: Property-taxes, notional-interest on deposit which influence 'supply-value' form part of 'rental-income'

Karnataka AAR holds that the Applicant cannot deduct the property-tax & other statutory levies from rental income for the purpose of arriving at value of supply of renting service; Notes that the Applicant intends to enter into a contractual agreement of renting of immovable property with an Educational Institution in Bangalore on the basis of reserved monthly rent of Rs. 1.50 lakhs and also refundable caution deposit of Rs. 500 lakhs returnable without interest on termin...