Exemption for fees for technical services: foreign maintenance contract receipts excluded from taxable income computation. The Central Government specifies that income characterized as royalty or fees for technical services earned by the named foreign company for maintenance of aero engines under its contract with the Ministry of Defence shall not be included in computing that company's total income under the Income-tax Act, limited to the income and contractual source identified in the notification.
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Provisions expressly mentioned in the judgment/order text.
Exemption for fees for technical services: foreign maintenance contract receipts excluded from taxable income computation.
The Central Government specifies that income characterized as royalty or fees for technical services earned by the named foreign company for maintenance of aero engines under its contract with the Ministry of Defence shall not be included in computing that company's total income under the Income-tax Act, limited to the income and contractual source identified in the notification.
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