Tax treaty powers expanded to include specified territories, enabling agreements for relief, information exchange and tax recovery. The substituted section empowers the Central Government to enter into agreements with foreign countries and notified specified territories for relief of double taxation, avoidance of double taxation, exchange of information to prevent or investigate tax evasion or avoidance, and recovery of tax, and to implement such agreements by notification; undefined terms may take meanings assigned in such notifications, the Act's provisions apply to the assessee when more beneficial, and a higher tax on a foreign company than on a domestic company is not treated as a less favourable levy.
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.
Tax treaty powers expanded to include specified territories, enabling agreements for relief, information exchange and tax recovery.
The substituted section empowers the Central Government to enter into agreements with foreign countries and notified specified territories for relief of double taxation, avoidance of double taxation, exchange of information to prevent or investigate tax evasion or avoidance, and recovery of tax, and to implement such agreements by notification; undefined terms may take meanings assigned in such notifications, the Act's provisions apply to the assessee when more beneficial, and a higher tax on a foreign company than on a domestic company is not treated as a less favourable levy.
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