Exchange of information expanded under India Morocco tax protocol; India notified to give the Protocol domestic effect. The Protocol replaces Article 26 of the India-Morocco Convention with a detailed exchange of information regime: information foreseeably relevant to tax administration or enforcement may be exchanged; it must be kept secret and used only by specified authorities, with public court disclosure permitted; disclosure to other authorities of the requesting State needs written consent; limits permit no measures contrary to domestic law, no supply of unobtainable information, and no disclosure of trade secrets or information contrary to public policy; States must use information gathering measures even absent domestic interest, and bank or fiduciary secrecy is not a permissible ground for refusal.
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Exchange of information expanded under India Morocco tax protocol; India notified to give the Protocol domestic effect.
The Protocol replaces Article 26 of the India-Morocco Convention with a detailed exchange of information regime: information foreseeably relevant to tax administration or enforcement may be exchanged; it must be kept secret and used only by specified authorities, with public court disclosure permitted; disclosure to other authorities of the requesting State needs written consent; limits permit no measures contrary to domestic law, no supply of unobtainable information, and no disclosure of trade secrets or information contrary to public policy; States must use information gathering measures even absent domestic interest, and bank or fiduciary secrecy is not a permissible ground for refusal.
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