Mere Sale of Brand name does not mean transfer of technical know-how

SUMMARY OF CASE LAW The transfer of brand name does not have any meaning for the buyer until and unless the know-how for the manufacture of the formulations sold under that particular brand name, is also transferred. RELEVANT PARAGRAPH 7. We have carefully considered the rival submissions and perused the records. The scientific or technical consultancy service has been defined under section 65(92) of the Finance Act, 1994 as under:- “Any advice, consultancy or scientific or technical assistances rendered directly or indirectly by a scientist or a technocrat or any science or technology ...