Court : Income Tax Appellate Tribunal ITAT Delhi
Decided on : Jan-10-2005
Reported in : (2005)94TTJ(Delhi)53
..... its case on the low rate of royalty in terms of its turnover rather than connecting the same with its profitability. in the context of transfer pricing, the amendment had been made to sections 92 to 92f. there were several methods laid down such as comparable uncontrolled price method; resale price method; cost plus method; profit ..... 9. the learned ao argued that the product of the assessee such as coffee, tea, chocolates, noodles, etc. were day-to-day consumer products. they were not patented or copyright products though the same may be under a brand. the ingredients of such products were commonly known and the process of manufacturing was also routine. in view ..... act: once permission is granted by the rbi, ordinarily, it is not open to anyone to go behind the permission and. seek to question it." the learned counsel for the assessee pointed out that the observations of the hon'ble supreme court abovementioned have been noted in the order of tribunal mumbai bench 'a', dt. 6th sept., 2002 .....
Tag this Judgment!Court : Delhi
Decided on : Jan-07-2005
Reported in : I(2005)ACC361; 2006ACJ1901; 117(2005)DLT112
..... 1949, do hereby adopt, enact and give to ourselves this constitution.'1. subs. by the constitution (forty-second amendment) act, 1976, section 2, for 'sovereign democratic republic' (w.e.f. 3-1-1977).2. subs. by the constitution (forty-second amendment) act, 1976, section 2, for 'unity of the nation' (w.e.f. 3-1-1977).4. part ..... seniority granted to the petitioner in the list of such persons would not have any meaning unless the posts were filled up. the relevant chart is as under:group 2003 2002 2001 2000 notified notified notified notifiedfilled filled filled filleda - - - - - - - - b 1 - - - - - 3 1c 53 6 36 3 33 - 18 3d 17 3 25 8 ..... basic concept is restoration of an injured party to his former position.33. black's law dictionary defines `compensation' as, 'compensation. indemnification; payment of damages; making amends; making whole; giving an equivalent or substitute of equal value. that which is necessary to restore an injured party to his former position. equivalent in money for a .....
Tag this Judgment!Court : Delhi
Decided on : Jan-07-2005
Reported in : 2006ACJ1576; 117(2004)DLT74; 2005(82)DRJ70; (2005)141PLR10
..... its subsidiaries carrying on general insurance in india was removed. by section 10a inserted in the act of 1972, by general insurance business (nationalization) amendment act, 2002 all the shares in the capital of these government insurance companies that vested in the gic before the commencement of the said amendment act stood transferred to the central government on such date. thus the ownership of these companies ..... a case. thereforee, there was no scope for refusing to continue the cover when the insured of letters patent appeal no. 1028 of 2003 sent the revised premium by accepting the offer made by the insurer in its letter dated 30th september, 2002 stating that the policy will be renewed by paying 300% premium and requesting insured to send the revised premium .....
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