2011 (4) TMI 572

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.... Per: Mathew John: In this case, Indian Oil Corporation Ltd has come up in appeal against the order in appeal. 2. The issue involved in this case is the payment received by M/s Indian Oil Corporation Ltd for transfer of technical specifications and knowhow for manufacture of product called "ZSM-5 Additive" which when added to the Fluid Catalytic Cracking Catalyst enhances LPG yield. This k....

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....t charge for such assistance. If the transferee requires help beyond this point, the agreement provides for services on payment basis. The disputed tax amount is not relating to any assistance given beyond the initial trial phase. The Revenue is wanting to tax on 20% of sales proceeds paid to Indian Oil Corporation as per the terms of the agreement. 4. The Counsel relies on the decision in the ....