https://www.taxtmi.com/caselaws?id=32976 The tribunal ruled that the applicants were liable for service tax on the transfer of intellectual property rights related to designs for manufacturing bicycle parts, rejecting the argument that the agreement focused on technical know-how transfer rather than intellectual property rights transfer. A waiver of service tax was not granted entirely, and the applicants were directed to deposit Rs. Five Lakhs within eight weeks, after which the remaining service tax and penalties would be waived, considering the issue of time bar. Compliance was required by 8th October 2008. en-us Thu, 31 Jul 2008 00:00:00 +0530 Tue, 14 Apr 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32976 The tribunal ruled that the applicants were liable for service tax on the transfer of intellectual property rights related to designs for manufacturing bicycle parts, rejecting the argument that the agreement focused on technical know-how transfer rather than intellectual property rights transfer. A waiver of service tax was not granted entirely, and the applicants were directed to deposit Rs. Five Lakhs within eight weeks, after which the remaining service tax and penalties would be waived, considering the issue of time bar. Compliance was required by 8th October 2008. Case-Laws Service Tax Thu, 31 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32976