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of <h1>Statutory Provision Details Information Exchange Rules Under DTAA, Ensures Confidentiality and Excludes Sensitive Trade Secrets</h1> The statutory provision outlines the exchange of information between the competent authorities of two Contracting States under a Double Tax Avoidance Agreement (DTAA). It mandates the exchange of information relevant for tax enforcement and administration, ensuring confidentiality similar to domestic laws. The information can be disclosed to relevant authorities and used in public proceedings. However, it does not obligate states to undertake measures against their laws, supply unobtainable information, or disclose sensitive trade secrets. Information requests must be fulfilled even if not needed domestically, and limitations do not apply to information held by financial institutions or related to ownership interests.
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