https://www.taxtmi.com/caselaws?id=59122 Engineering fees already examined on identical facts in earlier years were not disturbed, so the addition of that amount was left out of income. Consideration for supply and delivery of know-how was held taxable in India because the receipt was satisfied by issue of equity shares in India, bringing it within the charging provision, and the CBDT circular on foreign technical know-how relief applied only when its conditions were strictly met. Where the contractual requirement for issue of shares at incorporation in lieu of lump-sum payment for know-how delivered abroad was not satisfied, exemption was unavailable. en-us Thu, 28 Feb 1985 00:00:00 +0530 Sun, 06 Feb 2011 02:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59122 Engineering fees already examined on identical facts in earlier years were not disturbed, so the addition of that amount was left out of income. Consideration for supply and delivery of know-how was held taxable in India because the receipt was satisfied by issue of equity shares in India, bringing it within the charging provision, and the CBDT circular on foreign technical know-how relief applied only when its conditions were strictly met. Where the contractual requirement for issue of shares at incorporation in lieu of lump-sum payment for know-how delivered abroad was not satisfied, exemption was unavailable. Case-Laws Income Tax Thu, 28 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59122