Notification
No. 27/2014, [F. No. 196/20/2014-ITA-1], dated 23rd May, 2014
S.O. 1364(E).
-- In exercise of the powers conferred by clause (48) of section 10 of the
Income-tax Act, 1961 (43 of 1961), the Central Government, having regard to the
national interest, hereby notifies for the purposes of the said clause—
(a) M/s Temad, 28th Km Karaj Makhsous Road, Iran, as the
foreign company;
(b) Codeine Phosphate as the goods; and
(c) the Memorandum of Understanding entered into between the
Government Opium and Alkaloid Factories (GOAF) and M/s Temad, Iran on the 21st
September, 2013, duly approved by the Central Government, as the agreement:
Provided that the said foreign
company shall not engage in any activity in India, other than the receipt of
income in India under the agreement aforesaid on account of the sale of Codeine
Phosphate.
2. This
Notification shall be deemed to have come into effect from the 1st day of
April, 2014.
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