https://www.taxtmi.com/circulars?id=10068 Deduction for technical know how must be quantified by the Income tax Officer at assessment on the net amount after deducting expenses attributable to earning such receipts. Approval of agreements must be granted by the Central Board of Direct Taxes; approvals by Ministries after the transfer of power are invalid and must be referred to the Board. For composite agreements the Board will specify excluded portions and the Income tax Officer shall bifurcate income. Non company claimants must furnish an audit report as a condition for the deduction. en-us Wed, 01 Aug 1973 00:00:00 +0530 Fri, 17 Jun 2011 18:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=10068 Deduction for technical know how must be quantified by the Income tax Officer at assessment on the net amount after deducting expenses attributable to earning such receipts. Approval of agreements must be granted by the Central Board of Direct Taxes; approvals by Ministries after the transfer of power are invalid and must be referred to the Board. For composite agreements the Board will specify excluded portions and the Income tax Officer shall bifurcate income. Non company claimants must furnish an audit report as a condition for the deduction. Circulars Income Tax Wed, 01 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/circulars?id=10068