https://www.taxtmi.com/caselaws?id=763260 CESTAT Kolkata set aside service tax demand on IPR services related to transfer of intangibles including goodwill and trademark rights during plantation business transfer under slump sale arrangement. The tribunal found the SCN issued in 2010 invoking extended limitation period untenable since the department was informed of the business transfer in 2005 and had access to transfer deeds. The demand covering March-July 2005 period was barred by limitation as SCN was issued after five years. Consequently, demands for interest and penalty were also unsustainable. Appeal allowed entirely on limitation grounds without examining merits. en-us Thu, 12 Dec 2024 00:00:00 +0530 Tue, 17 Dec 2024 08:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763260 CESTAT Kolkata set aside service tax demand on IPR services related to transfer of intangibles including goodwill and trademark rights during plantation business transfer under slump sale arrangement. The tribunal found the SCN issued in 2010 invoking extended limitation period untenable since the department was informed of the business transfer in 2005 and had access to transfer deeds. The demand covering March-July 2005 period was barred by limitation as SCN was issued after five years. Consequently, demands for interest and penalty were also unsustainable. Appeal allowed entirely on limitation grounds without examining merits. Case-Laws Service Tax Thu, 12 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763260