https://www.taxtmi.com/caselaws?id=422608 The Tribunal set aside the impugned order, ruling in favor of the appellant. The tax liability under section 73 of the Finance Act, 1994, for providing 'business auxiliary service' and 'service' in the context of toll collection was dismissed. The Tribunal distinguished between 'commission' and 'profit,' emphasizing the appellant's risk assumption and 'principal to principal' transaction status. Penalties under sections 77 and 78 were implicitly nullified with the tax liability overturn. The Tribunal found that the exclusion under the 'negative list' applied post-July 2012, granting immunity from taxation for the appellant's services. en-us Tue, 17 May 2022 00:00:00 +0530 Thu, 27 Oct 2022 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422608 The Tribunal set aside the impugned order, ruling in favor of the appellant. The tax liability under section 73 of the Finance Act, 1994, for providing 'business auxiliary service' and 'service' in the context of toll collection was dismissed. The Tribunal distinguished between 'commission' and 'profit,' emphasizing the appellant's risk assumption and 'principal to principal' transaction status. Penalties under sections 77 and 78 were implicitly nullified with the tax liability overturn. The Tribunal found that the exclusion under the 'negative list' applied post-July 2012, granting immunity from taxation for the appellant's services. Case-Laws Service Tax Tue, 17 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422608