News
Transmission Licence – Fee reimbursement from beneficiaries
17 December 2013
The Electricity Appellate Tribunal has held that the transmission licensee, not paying any license fee prior to the amendment, is entitled to reimbursement of the said licence fee paid by it later and that the same can be directed to be passed through to the beneficiaries.
ITAT discusses FII’s loss on derivative transactions
13 December 2013
Is loss on derivative transactions assessable as business loss? This was the question before the Tribunal in Platinum Asset Management Ltd v. DDIT.
US Supreme Court to debug software patent eligibility
12 December 2013
12 December, 2013 The Supreme Court of US admitted the petition of certiorari filed by Alice Corporation to review the judgement of the Federal Circuit in CLS Bank Int’l v. Alice Corp.,717 F.3d 1269 (Fed. Cir. 2013). The petition prays for clarity and certainty in testing patent-eligibility of c
Consensus on global trade deal at Bali Ministerial meet
09 December 2013
Bali witnessed a meeting of minds and WTO members managed to agree on certain items of the vast agenda which was on the table.
Search engine giant succeeds on plea of fair use
02 December 2013
The Authors Guild (plaintiff) claimed that by scanning more than twenty millions books, providing verbatim snippets of text to aid in searching and retaining scan copies of books, providing such complete scans to libraries, Google (defendant) had infringed their rights.
Divisional applications - EPO announces changes
02 December 2013
Amendments to Rules 36, 38, and 135 of European Patent Convention (EPC) are set to come into effect from 1-4-2014.
Trademarks – Use not proved by registration alone
02 December 2013
Intellectual Property Appellate Board (India) has allowed rectification application of a confectionary major in respect of various trademarks of another major, concerning word ‘Eclairs’.
Jurisdiction of Central Electricity Regulatory Commission
02 December 2013
Central Electricity Regulatory Commission does not have jurisdiction to adjudicate a dispute between two licensees relating to charges for operation and maintenance of a part of inter-State transmission system which is owned by one of the licensees and operated and maintained by the other licensee for or on behalf of the former.
Delhi HC rules on interest liability under Section 234B
15 November 2013
Reinforcing, perhaps, the significance of finer distinctions in fact situations and observing that tax laws have to be interpreted at times with a touch of equity, the Delhi High court in DIT –I v.
Third party payments allowed for import and export transactions
15 November 2013
Reserve Bank of India has allowed third party payments for import and export transactions. As per A.P. DIR Circular No. 70, dated 8-11-2013, such transactions shall be subject to the conditions such as availability of tripartite agreement, declaration in Export Declaration Form (EDF), mention in bill of entry and invoice, reporting of outstanding, etc.