TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tribunal grants waiver of penalty under Finance Act for know-how transfer.</h1> <h3>VOLVO INDIA LTD. Versus COMMISSIONER OF SERVICE TAX, BANGALORE</h3> The Tribunal granted the appellant's request for waiver of penalty under Section 76 of the Finance Act for the transfer of know-how. The Tribunal allowed ... Issue is as to whether transfer of know-how would come within the ambit of intellectual property rights services - appellants have raised various contentions in support of the plea that the transfer of know-how does not come within the ambit of the said category - As the service tax has been deposited along with interest, the aspect pertaining to imposition of penalty can be seen at the stage of final hearing - stay application is allowed granting waiver of pre-deposit & staying recovery The appellant sought waiver of penalty of Rs 71,09,298/- under Section 76 of the Finance Act for transfer of know-how. The service tax amount was deposited before orders were passed. The Tribunal allowed waiver of predeposit and stayed recovery, deferring penalty decision to final hearing.
TaxTMI 
TaxTMI 
