19 June, 2015
Advance Pricing Agreement (‘APA’) Scheme was introduced in the statute in 2012, which authorizes the CBDT to enter into agreement with the taxpayers, prescribing the arm’s length price (ALP) for international transaction which have been undertaken (which are continuous in nature) and those to be entered into between related parties in t...
The US Supreme Court has held that patent exhaustion does not permit a farmer to reproduce patented seeds through planting and harvesting without the patent holder’s permission. In the instant case, the farmer had bought soyabean seeds (not meant for planting) and used them for cropping eight times. As per the terms of the license, he was not allowed to raise more than one crop from the geneti...
By Vindhya Srinivasamani & Sudarshan Singh Shekhawat
The Registrar, Plant Varieties Authority at New Delhi, vide its recent order of October 28, 2013 has held that parental lines of extant varieties [Extant (Notified) Variety - ENV] notified under Section 5 of the Seeds Act, 1966 (ENV) cannot ipso facto be considered as ENV under Section 2(j)(i) of the Protection of Plant Varieties and Far...
Labour welfare cess for workers in the construction industry is the topic of discussion this month. Article in this November 2012 issue of "Corporate Amicus" clarifies the implications of various provisions, while also covering procedures like registration and liability to pay cess. A case note on an important order of the Competition Commission, holding that a tie-up arrangement is not per se ...
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