https://www.taxtmi.com/caselaws?id=790931 Activities undertaken under a project development agreement between co-venturers were treated as part of a joint venture for a common commercial objective, not as a taxable service. Each co-venturer's obligations were discharged in its own interest and as capital contribution to the venture, so no distinct service-provider and service-recipient relationship existed. In the absence of proof that the money flow was consideration for a taxable activity, service tax could not be demanded. Once the underlying activity was found non-taxable, the valuation demand also failed. The service tax demands were therefore unsustainable and were set aside. en-us Mon, 20 Apr 2026 00:00:00 +0530 Mon, 04 May 2026 07:56:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790931 Activities undertaken under a project development agreement between co-venturers were treated as part of a joint venture for a common commercial objective, not as a taxable service. Each co-venturer's obligations were discharged in its own interest and as capital contribution to the venture, so no distinct service-provider and service-recipient relationship existed. In the absence of proof that the money flow was consideration for a taxable activity, service tax could not be demanded. Once the underlying activity was found non-taxable, the valuation demand also failed. The service tax demands were therefore unsustainable and were set aside. Case-Laws Service Tax Mon, 20 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790931