https://www.taxtmi.com/caselaws?id=450504 CESTAT allowed the appeal, holding that receipts from purchase and sale of booking cargo space do not constitute a taxable Business Support Service and therefore are not liable to service tax. The tribunal set aside the demand and the consolidated penalties under the Finance Act, finding the assessee acted bona fide and did not suppress facts; extended period invocation was not sustainable. Penalties under Sections 77 and 78 were quashed, interest under Section 75 held not recoverable, and waiver provisions under Section 80 were applicable. en-us Tue, 05 Mar 2024 00:00:00 +0530 Fri, 07 Nov 2025 17:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450504 CESTAT allowed the appeal, holding that receipts from purchase and sale of booking cargo space do not constitute a taxable Business Support Service and therefore are not liable to service tax. The tribunal set aside the demand and the consolidated penalties under the Finance Act, finding the assessee acted bona fide and did not suppress facts; extended period invocation was not sustainable. Penalties under Sections 77 and 78 were quashed, interest under Section 75 held not recoverable, and waiver provisions under Section 80 were applicable. Case-Laws Service Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450504