# The Finance Act, 1983, Section 34: Amendment of section 109

- Act: The Finance Act, 1983 (Act 11 of 1983)
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-1983/section/34/

## Text

Amendment of section 109. 34. In section 109 of the Income-tax Act, in clause (ib), for the Explanation, the following Explanation shall be substituted with effect from the 1st day of April, 1984, namely:— 'Explanation.— In this clause and in sub-clause (3) of clause (iii), the expression "provision of technical know-how" means,— (i) the transfer of all or any rights (including the granting of a licence) in respect of a patent, invention, model, design, secret formula or process or similar property; (ii) the imparting of any information concerning the working of, or the use of, a patent, invention, model, design, secret formula or process or similar property; (iii) the use of any patent, invention, model, design, secret formula or process or similar property; (iv) the imparting of any information concerning industrial, commercial or scientific knowledge, experience or skill;'. [Finance Act, 1983] © Copyright. Taxmann Publications Pvt. Ltd.

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