Deduction of tax on royalties allowed for Indian companies receiving royalties from foreign companies under approved agreements Section 85C, now omitted, formerly provided a deduction where an Indian company's income included royalties, commissions, fees or similar payments from a foreign company for use of intellectual property or for technical services under an agreement approved by the Central Government before the relevant assessment-year cutoff; the deduction reduced the income-tax on total income by the amount of tax at the average rate on that specified income that exceeded twenty-five per cent of the specified income.