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Notification: S. O. 294(E)
Section(s) Referred: s. 10(6C)
Statute: INCOME TAX
Date of Issue: 4/5/1999
In exercise of the powers conferred by clause (6C) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising by way of fees to Dowty Aerospace Gloucester Ltd., a company having its registered office at Cheltanham Road, Gloucester, GL29HQ, U.K. for such technical services as training, technical publication, technical representations and quality assurance received in pursuance of the agreement AR/8701, dated 31st March, 1995, entered into by it with the President of India for providing the aforesaid services in or outside India, relating to the projects connected with the security of India, shall not be included in computing the total income of the said company under the Income-tax Act, 1961 :
Provided that income on supply of spare parts in pursuance of the said services shall not be exempted under said clause.
[Notification No. 10888/F. No. 200/17/98-ITA-I]
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