https://www.taxtmi.com/caselaws?id=358558 The Tribunal allowed the appeal filed by the assessee-appellants, setting aside the Order-in-Original confirming demand, interest, and penalty. The Tribunal determined that the services received did not fall under the definition of "scientific or technical consultancy service" as per the Finance Act, 1994. The agreements primarily involved the transfer of intellectual property rather than scientific or technical assistance, leading to the conclusion that the services were not subject to tax liability under the reverse charge mechanism. en-us Wed, 21 Mar 2018 00:00:00 +0530 Thu, 12 Apr 2018 16:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358558 The Tribunal allowed the appeal filed by the assessee-appellants, setting aside the Order-in-Original confirming demand, interest, and penalty. The Tribunal determined that the services received did not fall under the definition of "scientific or technical consultancy service" as per the Finance Act, 1994. The agreements primarily involved the transfer of intellectual property rather than scientific or technical assistance, leading to the conclusion that the services were not subject to tax liability under the reverse charge mechanism. Case-Laws Service Tax Wed, 21 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358558