ALG’s Samreen Iboo Sait will be speaking on “Emerging Careers in Law: In light of new technologies” in today’s webinar hosted by Alliance University’s Alliance School of Law. The webinar is live today at 5:30 pm and is open to students, legal practitioners, in-house counsels, members of the academia, and anyone else with an interest in the subject.
To attend, please register here.
During last week’s PWS Session, Uroosa Shahzad, Trainee Associate, led a discussion on “Whether allowing GI protection of religious offerings can be detrimental to public interest?” The session led with a discussion on whether religious offerings are sufficiently unique to warrant protection under IP laws. The members discussed the various impacts of protection of religious offerings as Geographical Indication such as the possibility of monopolization by institutions. The members also discussed the perspective of the GI Registry in granting the protection to religious offerings and whether such offerings would even warrant protection against counterfeiting. The members also explored the effectiveness of different IP protections such as trademarks for protection of religious offerings over GI protection.
A ‘Legal Issues Seminar – General IP’ (LIS-GIP) was conducted by Priyanshi Rastogi, Associate, on “Is Proprietary Business Information eligible as depreciable intangible asset under the Income Tax Act?”. The seminar explored how the Courts/Tribunals have interpreted the term “any other business or commercial rights of similar nature” featuring in the definition of an intangible asset eligible for depreciation. The session included a discussion on the right in rem / right in personam criteria developed by courts to determine eligibility of an intangible asset for depreciation under the Income Tax Act. The session also delved into contrary judicial decisions from recent times, that have adopted a broader interpretation for the term “any other business or commercial rights of similar nature” and included proprietary business information and other rights accruing from restrictive covenants within the definition of depreciable intangible assets. The session concluded with a discussion on the 2021 amendment to the Income Tax Act which amended the definition of a depreciable intangible asset to exclude goodwill from its ambit, thereby leading to an influx of cases considering the depreciation of intangibles such as proprietary business information which were earlier bundled into goodwill.
The presentation can be accessed here.
Wishing all our friends, clients and colleagues a Happy Diwali! We celebrated together at ALG this year with a burst of colors, music and flavors. It was an evening of gorgeous and diverse traditional wear, great karaoke, office rangolis, and much laughter!
In the upcoming INTA Leadership Meeting 2023 in Houston next week, ALG Partner Ashwani Balayan will be speaking in the panel discussion on Standards of Eligibility for Design Protection. The Panel will be moderated by upcoming Chair of INTA’s Designs Committee Tracy Gene Durkin, and the panel will include other members of the Designs Committee, sharing practical examples and insights and comparative perspectives from multiple regions – Katja Middelhoff (Europe), Jose Carlos e Dias (Brazil), and Richard Stockton (USA).
