Case Law Details
Income Tax Officer (International Taxation) Vs. M/s. National Engineering Industries Ltd., (ITAT Kolkata), ITA No. 1270 and 1271/Kol/2010 dated 28th January, 2011
Facts
• National Engineering Industries Ltd. (the taxpayer) had entered into a License & Technical Assistance agreement with Brenco Inc., USA on 19th August, 2002 which expired on 25th June, 2007. Under the agreement the taxpayer was required to pay a certain amount as royalty to Brenco Inc.
• The taxpayer entered into a new agreement with Brenco Inc., USA on 17th August, 2007 wherein at clause (e) it was stated that the new agreement was effective from 26th June, 2007.
• In the new agreement, changes were effected in respect of royalty payable, grant of license, technical assistance and plant visitation. There were also changes to percentage of royalties to be paid.
Please become a Premium member. If you are already a Premium member, login here to access the full content.
Can anyone tell me where the above case of Income Tax Officer (International Taxation) Vs. M/s. National Engineering Industries Ltd., Kolkata – ITA No. 1270 and 1271/Kol/2010 dated 28th January, 2011
could be downloaded from? Its urgent.