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Judgment Search Results Home > Cases Phrase: patents Court: income tax appellate tribunal itat ahmedabad Year: 2005 Page 1 of about 14 results (0.035 seconds)

Jul 28 2005 (TRI)

Smartchem Technologies Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Jul-28-2005

Reported in : (2005)97TTJ(Ahd.)818

..... and vbc, (ix) the learned counsel for the assessee further submitted that section 32 of the act so amended inter alia, provides for the depreciation in respect of know-how, patents, copyrights, trade-marks, licences, franchises or any other business or commercial rights of similar nature, being intangible assets acquired on or after the last day of april, 1998, ..... building, machinery, plant or furniture. the act amends this section to widen its scope by providing that depreciation will also be allowable in respect of intangible assets, being know-how, patents, copyrights, trade-mark, licenses or franchises or any other business or commercial rights of similar nature, acquired on or after the 1st day of april, 1998. the act also ..... how, software methodology or technology whatsoever for the purpose of and/or relating to the manufacturing, selling, supplying, marketing or distributing of the same whether or not the same is patented or proprietary or otherwise. (iv) the covenant shall be interpreted in the widest possible commercial sense and shall be observed, in letter and in spirit. the parties hereto have ..... vbc. this commercial right is in the nature of the intangible assets mentioned in section 32 of the act. section 32 provides for depreciation in the respect of know-how, patents, copyrights, trademarks, licenses, franchises or any other business or commercial rights of similar nature, being intangible assets. the term 'any other business or commercial rights of similar nature' .....

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Sep 30 2005 (TRI)

Essar Steel Ltd. Vs. Deputy Commissioner of Income Tax

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Sep-30-2005

Reported in : (2005)97TTJ(Ahd.)985

..... owner or otherwise; all plant and machinery, rigs, barges, pontoons, dredgers used and occupied by egl whether as a licensee or tenant or owner or otherwise, all plant and machinery, patents, trade-mark and designs, vehicles, etc.; the amount of advances (including loans and other debts whether secured or unsecured bills of exchange, advances recoverable in cash or in kind or .....

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Sep 30 2005 (TRI)

Essar Steel Ltd. Vs. Deputy Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Sep-30-2005

Reported in : (2005)97ITD125(Ahd.)

..... owner or otherwise; all plant and machinery, rigs, barges, pontoons, dredgers used and occupied by egl whether as a licensee or tenant or owner or otherwise, all plant and machinery, patents, trade-mark and designs, vehicles, etc.; the amount of advances (including loans and other debts whether secured or unsecured bills of exchange, advances recoverable in cash or in kind or .....

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Aug 25 2005 (TRI)

Shri Bharatbhai J. Vyas, Prop. Vs. Ito

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Aug-25-2005

Reported in : (2005)279ITR41(Ahd.)

..... which amounts to giving compensation to a retiring partner and the term has been used as goodwill. this does not signify acquisition of any know-how, patents, copyrights, trade marks etc. or any business or commercial right of similar nature. in these circumstances, me amount of so-called goodwill is consideration paid for retirement of ..... one. the assessee has nowhere established that it has acquired any know-how, patents, copyrights, trade-markets etc. what it has paid for, simplicitor is an amount as a consideration for retirement of one partner, shri oni ahesan husein lokhandwala, as goodwill, ..... shall be pertinent here to mention that (he legislature has inserted a fiction, by which, specified intangible assets, are held to depreciate and allowance is given therefor. know-how, patents, copyrights, trade marks etc. are sometimes assigned different names, therefore, by using me word "similar nature", the legislature has restricted me scope of intangible assets similar to the specified ..... following requirements for allowability of claim. *the intangible assets have not been defined in the act, but a sort of descriptive items have been given such as know-how, patents, copy rights trade marks, licenses, franchises or any other business or commercial rights of similar nature being intangible assets. this can be interpreted as the intangible assets known .....

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Aug 25 2005 (TRI)

Bharatbhai J. Vyas Vs. Ito (Baroda)

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Aug-25-2005

Reported in : (2005)97ITD248(Ahd.)

..... which amounts to giving compensation to a retiring partner and the term has been used as good will. this does not signify acquisition of any know-how, patents, copyrights, trademarks etc. or any business or commercial right of similar nature. in these circumstances, the amount of so-called goodwill is consideration paid for retirement of a ..... . the assessee has nowhere established that it has acquired any know-how, patents, copyrights, trademarks etc. what it has paid for, simplicitor is an amount as a consideration for retirement of one partner, shri oni ahesan husein lokhandwala, as goodwill, ..... be pertinent here to mention that the legislature has inserted a fiction, by which, specified intangible assets, are held to depreciate and allowance is given there for. know-how, patents, copyrights, trademarks etc. are sometimes assigned different names, therefore, by using the word'similar nature', the legislature has restricted the scope of intangible assets similar to the specified one ..... following requirements for allowability of claim: * the intangible assets have not been defined in the act, but a sort of descriptive items have been given such as know-how, patents, copyrights, trade marks, licenses, franchises or any other business or commercial rights of similar nature being intangible assets. this can be interpreted as the intangible assets known by .....

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Nov 10 2005 (TRI)

Leena J. Shah Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Nov-10-2005

..... now as it was when lord coke reported heydon's case". the rule was reaffirmed by the earl of halsbury in eastman photographic materials company ltd. v. comptroller- general of patents, designs and trade-marks (1898) ac 571, 576 (hl) in the following words: my lords, it appears to me that to construe the statute now in question, it is not .....

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Nov 24 2005 (TRI)

Kiran Corpn. Vs. Assistant Commissioner of

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Nov-24-2005

Reported in : (2006)98ITD119(Ahd.)

..... our attention has been invited during the course of hearing, we feel that the impugned addition made by the assessing officer and sustained by the cit(a) suffers from a patent infirmity inasmuch as the evidence collected at the back of the assessee by the assessing officer has been utilised against the assessee. this is unquestionably violative of the principles of .....

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Nov 24 2005 (TRI)

Kiran Corporation Vs. the Asstt. C.i.T.

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Nov-24-2005

Reported in : (2006)102TTJ(Ahd.)375

..... which our attention has been invited during the course of hearing, we feel that the impugned addition made by the ao and sustained by the cit(a) suffers from a patent infirmity inasmuch as the evidence collected at the beck of the assessee by the ao has been utilised against the assessee. this is unquestionably violative of the principles of natural .....

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Aug 31 2005 (TRI)

Radhe Investments (P) Ltd. Vs. Income Tax Officer

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Aug-31-2005

Reported in : (2006)99TTJ(Ahd.)777

..... exhibits that no such adjustment had been carried by the department in its records, atleast upto january, 2002, as well as the poor maintenance of its records, as mentioned earlier. patently, there being no adjustment of the refund for asst. yr. 1997-98, admittedly due to the assessee, in the determination of the tax arrears for asst. yr. 1992-93, as ..... by it that even assuming that there is an inherent power to correct any error in the certificate, it would only be limited to that which was obvious, apparent or patent, and not one which would require any debate or discussion, so that where the assessee denied the receipt of any intimation under section 245, it would require an investigation into .....

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Aug 23 2005 (TRI)

Shri Ashok Manilal Thakkar Vs. Asstt. Cit

Court : Income Tax Appellate Tribunal ITAT Ahmedabad

Decided on : Aug-23-2005

Reported in : (2005)279ITR143(Ahd.)

..... under the provisions of section 133a(3)(iii) could not be used as an "evidence" as envisaged under section 132(4) of the act. he, therefore, contended that cit is patently wrong to use the retracted statement of assessee as an evidence. he contended that by bringing retraction petition the assessee had expressly made it clear that there was no substance .....

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