Judgment Search Results Home > Cases Phrase: patents amendment act 2002 section 43 insertion of new section 104a Court: income tax appellate tribunal itat chennai Page 1 of about 3 results (0.189 seconds)

Ontrack Systems Ltd. Vs. the Asst. Commissioner of I.T.

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2007)108ITD279(Chennai)

..... assessee holding that the consulting work done by the assessee in earning foreign exchange does not constitute 'design' within the meaning of section 80-o of the act as amended by the finance act, 1997 with effect from 1.4.1998. aggrieved, the assessee preferred an appeal before the c.i.t.(appeals). the c.i.t. (appeals) ..... to india], includes [any income received by the assessee from the government of a foreign state or foreign enterprise in consideration for the use outside india of any patent, invention, design or registered trade mark] [and such income is received in convertible foreign exchange in india, or having been received in convertible foreign exchange outside india ..... they earning roreign exchange. this is an incentive given for encouraging research and development activity in india. what is essential is to have appropriate right over such patent invention, design, registered trade mark etc, it is a fact that the asessee is not the owner of the website but it is done on behalf of .....

The Income Tax Officer, T.D.S. - Vs. Raj Television Network Ltd.,

Court : Income Tax Appellate Tribunal ITAT Chennai

..... the definition of 'royalty': (iva) "the use or the right to use any industrial, commercial or scientific equipment." this shall be effective from 01.4.2002. this amendment in section 9 of the i.t. act clearly proves that till that date, even the equipment was not covered in the definition of royalty in i.t ..... a literary, artistic or scientific work, including cinematography films or work on films, tape or other mens of reproduction for use in connection with radio or television broadcasting, any patent, trademark, design, or model, plan, secret formula or process, or for information concerning industrial, commercial or scientific experience; and (b) payments of any kind received as ..... royalty" was defined, inter alia as (a) payment by lessee to the owner of the land for privilege of working mine; (b) the amount paid to a patents for the use of his patent; (c) payment made to author for books, etc., sold. = as per chambers english dictionary, cambridge u.k., 'royalty' - has been defined as a .....

Deputy Commissioner of Income Tax Vs. Indian Syntans Investments (P)

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2007)103ITD457(Chennai)

..... 143 after the expiry of twelve months specified in the proviso to sub-section (2) of section 143, as it stood immediately before the amendment of said sub-section by the finance act, 2002 (20 of 2002) but before the expiry of the time-limit for making the assessment, reassessment or re-computation as specified in sub-section (2) of section ..... for the grant, the assessee was to pay 5 per cent royalty on the net selling price of all laminated products made and sold in accordance with those patented processes. when the total of the royalty payments reached 5,000, the assessee was no more liable to pay the royalty. the supreme court held that the ..... any help to the revenue on the facts of the present case. this court, the assessee entered into an agreement with an english company to use some patented process of manufacture. by that agreement, the english company granted to the assessee an exclusive non-assignable licence to manufacture laminates, in accordance with the processes covered by .....

Sri V. Elengovan, Prop. Snqs Vs. the Dy. C.i.T., Special Inv.

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2006)280ITR86(Chennai)

..... with regulatory bodies and financial institutions. we require an up to date listing of those supplies that you will represent, and will need this list to be amended as new suppliers are introduced or old suppliers are deleted. this agreement will run for one year from 31^st january, 1997 to 30^th january, ..... , fees or similar payment received by the assessee from the government of a foreign state or a foreign enterprise in consideration of the use outside india of any patent, invention, model, design, secret formula or process or similar property right, or information concerning industrial, commercial, or scientific knowledge, experience or skill made available or ..... will not be applicable as the assessee had not provided any professional or technical services/information to foreign enterprises to be used outside from india other than acting as buying agent for the principals. in order to be entitled to exemption or concession, an assessee must strictly come under the terms of the provisions. .....

R.M. Chinniah Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Chennai

Reported in : (2007)103ITD479(Chennai)

..... higher than the advance tax demanded by the ao under sub-section (3) or (4) or intimated by him under sub-section (5).8. section 209 of the act, after amendment by the amending act, 1987 lays down the method of computing advance tax payable during a financial year as follows: (a) where the calculation is made by the assessee for paying the advance ..... this regard laid down by the supreme court in the case of t.s. balaram, ito v. volkart bros. is that a mistake apparent from record must be obvious and patent mistake and not something which has to be established by a long drawn process and reasoning on a point or points on which there may be conceivably two opinions. a ..... asst. yr. 1997-98 was completed under section 143(l)(a) on 16th dec, 1998. subsequently, reassessment notice was issued under section 148 and reassessment was completed on 22nd march, 2002 under section 143(3) r/w section 147. during reassessment the ao added a sum of rs. 1,43,847 to the returned income of rs. 69,536 and thereby .....