Intellectual Property, Specifically CopyRights is Intangible and not fall under definition of Services u/s 65B

The Mumbai bench of the Customs Excise and Service Tax Appellate Tribunal (CESTAT) ruled that intellectual property, specifically copyrights, is intangible and does not fall under the definition of services under section 65B(44). This decision was made in the case involving a non-profit organization incorporated as a limited company under the Companies Act. The tribunal clarified that copyrights, as a form of intellectual property, are excluded from being classified as services for tax purposes.