https://www.taxtmi.com/caselaws?id=759855 The Tribunal concluded that the transaction between M/s Max India Financial Services Pvt. Ltd. and M/s Max G. B Pvt. Ltd. constituted a sale of technical know-how, not a consultancy service. It set aside the impugned order, allowing the appeal and granting consequential relief. The Tribunal emphasized that such transfers cannot be taxed as consultancy services, aligning with precedents like Bharat Oman Refineries. The judgment was delivered on 08/10/2024, underscoring that the consideration in the MOU did not pertain to consultancy services, thus rendering the Commissioner's order unsustainable. en-us Tue, 08 Oct 2024 00:00:00 +0530 Wed, 09 Oct 2024 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759855 The Tribunal concluded that the transaction between M/s Max India Financial Services Pvt. Ltd. and M/s Max G. B Pvt. Ltd. constituted a sale of technical know-how, not a consultancy service. It set aside the impugned order, allowing the appeal and granting consequential relief. The Tribunal emphasized that such transfers cannot be taxed as consultancy services, aligning with precedents like Bharat Oman Refineries. The judgment was delivered on 08/10/2024, underscoring that the consideration in the MOU did not pertain to consultancy services, thus rendering the Commissioner's order unsustainable. Case-Laws Service Tax Tue, 08 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759855