Double taxation relief: Central Government may adopt inter-association tax agreements to apply the most beneficial provisions to assessees. The Central Government may, by notification, adopt and implement agreements between notified domestic associations and their counterparts in notified foreign territories to grant relief for income taxed both domestically and abroad, avoid double taxation, exchange information to prevent tax evasion or avoidance, and recover tax. Once such an agreement is adopted and notified for relief or avoidance, the provisions of the Income-tax Act shall apply to assessees to the extent they are more beneficial. Undefined terms take meanings assigned in the notification unless inconsistent with the Act or agreement.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Double taxation relief: Central Government may adopt inter-association tax agreements to apply the most beneficial provisions to assessees.
The Central Government may, by notification, adopt and implement agreements between notified domestic associations and their counterparts in notified foreign territories to grant relief for income taxed both domestically and abroad, avoid double taxation, exchange information to prevent tax evasion or avoidance, and recover tax. Once such an agreement is adopted and notified for relief or avoidance, the provisions of the Income-tax Act shall apply to assessees to the extent they are more beneficial. Undefined terms take meanings assigned in the notification unless inconsistent with the Act or agreement.
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