https://www.taxtmi.com/caselaws?id=220501 The Tribunal granted waiver of pre-deposit of service tax and penalty under section 78 of the Customs Act, 1962 to the appellant, a manufacturer of ion exchange resins. The case involved a dispute where the appellant became a co-owner of technology through an out-of-court settlement with a competitor. The Revenue claimed the consideration paid by the appellant was subject to service tax under Intellectual Property Right, but the Tribunal found the demands unsustainable due to lack of specificity on the applicable Intellectual Property Right in India, leading to the waiver of pre-deposit and stay on recovery during the appeal. en-us Thu, 18 Oct 2012 00:00:00 +0530 Wed, 09 Jul 2014 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220501 The Tribunal granted waiver of pre-deposit of service tax and penalty under section 78 of the Customs Act, 1962 to the appellant, a manufacturer of ion exchange resins. The case involved a dispute where the appellant became a co-owner of technology through an out-of-court settlement with a competitor. The Revenue claimed the consideration paid by the appellant was subject to service tax under Intellectual Property Right, but the Tribunal found the demands unsustainable due to lack of specificity on the applicable Intellectual Property Right in India, leading to the waiver of pre-deposit and stay on recovery during the appeal. Case-Laws Service Tax Thu, 18 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220501