https://www.taxtmi.com/caselaws?id=342159 The Tribunal ruled in favor of the appellants, holding that the consideration received for obtaining licenses from foreign entities cannot be taxed as consulting engineering services. The demand for an extended period and penalties was deemed unjustified as the appellants were eligible for Cenvat credit and lacked awareness of tax liability. The agreements with foreign collaborators primarily involved the transfer of technical knowhow, not consulting engineering services. Consequently, the Tribunal set aside the order, allowing the appeal and rejecting the demand for an extended period and penalties. en-us Tue, 21 Mar 2017 00:00:00 +0530 Thu, 09 Nov 2017 15:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342159 The Tribunal ruled in favor of the appellants, holding that the consideration received for obtaining licenses from foreign entities cannot be taxed as consulting engineering services. The demand for an extended period and penalties was deemed unjustified as the appellants were eligible for Cenvat credit and lacked awareness of tax liability. The agreements with foreign collaborators primarily involved the transfer of technical knowhow, not consulting engineering services. Consequently, the Tribunal set aside the order, allowing the appeal and rejecting the demand for an extended period and penalties. Case-Laws Service Tax Tue, 21 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342159