https://www.taxtmi.com/caselaws?id=450350 The Gujarat HC dismissed an appeal regarding service tax levy on intellectual property services in a slump sale transaction. The appellant contended that service tax was applicable on transfer of invention and scientific discovery without proper value bifurcation in the sale agreement. The HC upheld the Tribunal's decision that in a slump sale of an entire polymer division, no intellectual property service or scientific/technical consultancy was provided under Sections 65(92) and 65(55b) of Finance Act, 1994. The court found no substantial question of law arose from the Tribunal's order. en-us Fri, 16 Feb 2024 00:00:00 +0530 Mon, 04 Mar 2024 09:14:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450350 The Gujarat HC dismissed an appeal regarding service tax levy on intellectual property services in a slump sale transaction. The appellant contended that service tax was applicable on transfer of invention and scientific discovery without proper value bifurcation in the sale agreement. The HC upheld the Tribunal's decision that in a slump sale of an entire polymer division, no intellectual property service or scientific/technical consultancy was provided under Sections 65(92) and 65(55b) of Finance Act, 1994. The court found no substantial question of law arose from the Tribunal's order. Case-Laws Service Tax Fri, 16 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450350