https://www.taxtmi.com/caselaws?id=788619 Profit from the principal-to-principal purchase and resale of cargo space was held not to be consideration for a taxable service, and the service tax valuation provisions could not be used to tax the trading margin as Business Support Service or otherwise. On that basis, the demand based on the freight difference was unsustainable. Because the underlying levy failed, the related interest and penalties founded on the same classification and valuation approach also could not survive, and were set aside with consequential relief to the assessee. en-us Wed, 25 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788619 Profit from the principal-to-principal purchase and resale of cargo space was held not to be consideration for a taxable service, and the service tax valuation provisions could not be used to tax the trading margin as Business Support Service or otherwise. On that basis, the demand based on the freight difference was unsustainable. Because the underlying levy failed, the related interest and penalties founded on the same classification and valuation approach also could not survive, and were set aside with consequential relief to the assessee. Case-Laws Service Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788619