9911796707
TMI Blog2011 (7) TMI 802X X X X Extracts X X X X X X X X Extracts X X X X ..... , for the Respondent. [Order per : Jyoti Balasundaram, Vice-President]. - The brief facts of the case are that the assessees herein had entered an agreement with M/s. Futura Polymers Ltd. for rendering - A. Advise, assistance in and undertake compliance with the following :- (a) Various taxation matters including Income-tax, Customs, Centra ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ment at New Delhi and Chennai on matters relating to fiscal policies, imports, exports, fulfilment of export obligations, execution of legal undertakings with the Government, prepare alternative plant including conversion of EPCG routers as and when required by FPL. E. Overseeing the compliance requirement in regard to Companies Act, including matters related to Boar ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he Revenue. 3. We have carefully considered the rival submissions and perused the agreement entered into between the assessees and the Futura Polymers Ltd. We find that the services rendered cannot be treated as 'Management Consultancy Service', in the light of the terms of agreement, decisions of the Tribunal and in the light of CBEC Circular, dated 20-8-1999 to the effect that the services ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Custom, Central Excise Act, Export-Import Policy etc. These services do not involve any change or improvement in the management of an organisation and does not require any specialised knowledge of a Management Consultant but these services are only in the nature of compliance with the statutory requirements. We, therefore, see no reason to interfere with the impugned order and accordingly uphold t ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
