Part IIIAMENDMENT TO THE ELECTION COMMISSION (CONDITIONS OF SERVICE OF ELECTION COMMISSIONERS AND TRANSACTION OF BUSINESS) ACT, 1991 (From Clause 144 )
Double taxation agreements barred from creating non taxation or treaty shopping advantages, protecting against indirect third country benefits. The amendment conditions the adoption and implementation of inter-association agreements for the avoidance of double taxation on the requirement that such ... Summary
Double taxation agreements barred from creating non taxation or treaty shopping advantages, protecting against indirect third country benefits.
The amendment conditions the adoption and implementation of inter-association agreements for the avoidance of double taxation on the requirement that such agreements not create opportunities for non-taxation or reduced taxation through tax evasion or avoidance, explicitly encompassing arrangements constituting treaty-shopping aimed at obtaining treaty reliefs for the indirect benefit of residents of other countries or territories.
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