Tax exemption for foreign contractor income: royalties and technical service fees for security projects excluded from taxable income. Income of M/s. Rosoboron Export arising as royalty and fees for technical services under its contract with the President of India for projects connected with India's security is excluded from the company's total income under Section 10(6C); royalty exemption applies only to royalty earned on or after 1st April, 2003.
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Provisions expressly mentioned in the judgment/order text.
Tax exemption for foreign contractor income: royalties and technical service fees for security projects excluded from taxable income.
Income of M/s. Rosoboron Export arising as royalty and fees for technical services under its contract with the President of India for projects connected with India's security is excluded from the company's total income under Section 10(6C); royalty exemption applies only to royalty earned on or after 1st April, 2003.
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