Notification u/s. 10(6C) of the Income-tax Act, 1961 - Notified royalty or fees for technical services - 198/2005 - Income Tax

Notification u/s. 10(6C) of the Income-tax Act, 1961 - 'M/s. Bae Systems (Operations) Limited, UK and M/s. Rolls Royce Turbomeca Limited, England' Notification No. 198/2005, Dated 12-9-2005 S.O. 1260(E). In exercise of the powers conferred by clause ( 6C ) of section 10 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby declares that any income arising to M/s. BAe Systems (Operations) Limited, Warwick House, P.O. Box 87, Faraborough Aerospace Centre, Faraborough, Hampshire, GU14 6YU, United Kingdom and M/s. Rolls Royce Turbomeca Limited, 4-5, Grosvener Place, London SW-1, England, by way of royalty or fees for technical services received in pursuance of the agreement dated the 26th March, 2004 entered into by the Government of India for purchase of supplies and services for 42HAWK Mk 132 Advanced Jet Trainer Aircraft and to acquire the manufacturing rights and technology in respect of Adour Mark 871-07 engines shall not be included in computing the total income of the said companies under the said Act. [F.No. 200/48/2004-ITA-I]