No Indian-source income for foreign diamond miners for display of uncut unassorted diamonds in notified special zones. A new provision excludes from Indian-source income any income of a foreign company engaged in diamond mining arising from activities confined to the display of uncut and unassorted diamonds in a special zone notified by the Central Government; this exclusion is given retrospective effect to apply from assessment year 2016-2017 onwards.
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.
No Indian-source income for foreign diamond miners for display of uncut unassorted diamonds in notified special zones.
A new provision excludes from Indian-source income any income of a foreign company engaged in diamond mining arising from activities confined to the display of uncut and unassorted diamonds in a special zone notified by the Central Government; this exclusion is given retrospective effect to apply from assessment year 2016-2017 onwards.
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