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of <h1>Engine Valves Limited granted tax exemption for technical know-how under Section 35(1)(ii) of the Income-tax Act, 1961.</h1> The Central Board of Direct Taxes has approved Engine Valves Limited, Madras, for exemption under section 35(1)(ii) of the Income-tax Act, 1961. This approval is for the purpose of imparting technical know-how related to the manufacture of engine valves. The notification, identified as S.O.1606, is dated May 28, 1974, and is effective retroactively from April 1, 1973.
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