Service tax not leviable on income earned via buying and selling space on ships

Tiger Logistics India Ltd Vs Commissioner of Central Tax (CESTAT Delhi) CESTAT Delhi held that buying and selling space on ships does not amount to rendering a service and any profit or income earned through such transactions would not be leviable to service tax. Facts- Service tax appeal has been filed by M/s. Tiger Logistics (India) Ltd to assail that part of the order passed by the Commissioner Adjudication, Central Tax, GST, East that confirms the demand of service tax amounting to Rs. 5,65,06,546/- with interest u/s. 75 of the Finance Act, 1994 and penalty u/s. 78(1), 77(1)(a), 77(2) and ...