2004 (3) TMI 61 - AAR - Income Tax

Foreign Technician - General Foreman having 36 years experience in the field - specialized knowledge and technical expertise - having regard to the bio-data of the applicant and offer of his appointment, he is eligible for the exemption under the provision of section 10(5B)

Summary

The case involved an application under section 245Q(1) of the Income-tax Act, 1961 regarding exemption u/s 10(5B) for a German national working in India. The applicant was found eligible for the exemption based on his specialized knowledge and technical expertise not locally available in India. The ruling was made in favor of the applicant on March 24, 2004.