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Case Law Details

Case Name : Federation of Indian Chambers of Commerce and Industry (FICCI), In Re- (Authority for Advance Rulings)
Appeal Number : A.A.R. No. 812 of 2009
Date of Judgement/Order : 05/03/2010
Related Assessment Year :
Courts : Advance Rulings
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RELEVANT PARAGRAPH

1. The applicant, Federation of Indian Chambers of Commerce and Industry (“FICCI”) is a company registered under the Companies Act, 1956. It is stated that for meeting several objects, the applicant maintains a liaison with the Government of India/ State Governments on the one hand and several corporations and other members on the other. The applicant states that it received a letter dated 7 th January, 2009 from Indo-US Science and Technology Forum, New Delhi (hereinafter referred to as (“IUSSTF”) awarding a job contract for administering DST-Lockheed Martin India Innovation Growth Programme 2009″ (“IIGP for short) as joint partners with IC 2 Institute of 1.University of Texas & IUSSTF. IUSSTF was appointed as coordinating agency on behalf of Department of Science and Technology, Government of India (hereinafter referred as DST). The objective of this programme is to identify, award and accelerate innovative new Indian technologies into the market space. IIGP will help Indian innovators to find markets globally. The participants of the programme will receive professional business development assistance to facilitate access to US, Indian and global markets.

1.1. The IIGP have two programme components:

I. India Innovation Growth Programme; and

II. Capacity Building on Technology Commercialisation for Incubation Managers at IC institute of University of Texas (hereinafter referred to as “UT (IC 2 )”

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