https://www.taxtmi.com/caselaws?id=284064 The Tribunal allowed the appeal, ruling in favor of the appellant, M/s Inductotherm Pvt. Ltd., in a case concerning the demand of service tax, interest, and penalty on reverse charge basis for technical know-how obtained from a foreign principal. The decision was based on the lack of evidence showing the technical know-how was registered in India as intellectual property rights (IPR), as required for tax liability on a reverse charge basis. The judgment aligned with previous cases emphasizing the necessity of registration of rights as IPR under applicable laws for tax obligations. en-us Fri, 05 Jul 2019 00:00:00 +0530 Fri, 25 Oct 2019 08:08:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284064 The Tribunal allowed the appeal, ruling in favor of the appellant, M/s Inductotherm Pvt. Ltd., in a case concerning the demand of service tax, interest, and penalty on reverse charge basis for technical know-how obtained from a foreign principal. The decision was based on the lack of evidence showing the technical know-how was registered in India as intellectual property rights (IPR), as required for tax liability on a reverse charge basis. The judgment aligned with previous cases emphasizing the necessity of registration of rights as IPR under applicable laws for tax obligations. Case-Laws Service Tax Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284064