Part XIVAMENDMENTS TO CERTAIN ACTS TO PROVIDE FOR MERGER OF TRIBUNALS AND OTHER AUTHORITIES AND CONDITIONS OF SERVICE OF CHAIRPERSONS, MEMBERS, ETC. (From Section 156 to Section 189 )
Definition precedence in tax agreements clarified: contractual definitions prevail, otherwise statutory definitions and government explanations apply. Amendment to section 90A inserts Explanation 4 clarifying that terms defined in an agreement entered under subsection (1) take the meaning assigned in ... Summary
Definition precedence in tax agreements clarified: contractual definitions prevail, otherwise statutory definitions and government explanations apply.
Amendment to section 90A inserts Explanation 4 clarifying that terms defined in an agreement entered under subsection (1) take the meaning assigned in that agreement, and if not so defined there but defined in the Act, they take the meaning assigned in the Act and any explanation provided by the Central Government.
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