https://www.taxtmi.com/caselaws?id=259625 The Tribunal granted a complete waiver of pre-deposit for the applicant, ruling that the transfer of ownership rights to clients constituted a sale of tangible goods, not falling under Intellectual Property Right Services. Analyzing agreements with Alembic Ltd. and Dabur Pharma Ltd., the Tribunal found that the transactions involved the permanent transfer of intellectual property rights, exempting the applicant from service tax liability. Citing a CBEC circular, the Tribunal exempted the applicant from paying service tax, interest, and penalties, providing significant relief and clarifying the distinction between taxable services and permanent transfers of intellectual property rights. en-us Tue, 10 Mar 2015 00:00:00 +0530 Wed, 14 Oct 2015 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259625 The Tribunal granted a complete waiver of pre-deposit for the applicant, ruling that the transfer of ownership rights to clients constituted a sale of tangible goods, not falling under Intellectual Property Right Services. Analyzing agreements with Alembic Ltd. and Dabur Pharma Ltd., the Tribunal found that the transactions involved the permanent transfer of intellectual property rights, exempting the applicant from service tax liability. Citing a CBEC circular, the Tribunal exempted the applicant from paying service tax, interest, and penalties, providing significant relief and clarifying the distinction between taxable services and permanent transfers of intellectual property rights. Case-Laws Service Tax Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259625