Power to exempt foreign exchange releases for travel: government may notify conditional tax exemptions when expedient. Central Government may, by notification in the Official Gazette, exempt wholly or partially any release of foreign exchange for foreign travel from tax under this Chapter, subject to conditions and limitations specified in the notification; exemptions require the Government's satisfaction that they are necessary or expedient having regard to the purposes of the travel and any special circumstances, and may apply to individual travel or to a class or category of travel.
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.
Power to exempt foreign exchange releases for travel: government may notify conditional tax exemptions when expedient.
Central Government may, by notification in the Official Gazette, exempt wholly or partially any release of foreign exchange for foreign travel from tax under this Chapter, subject to conditions and limitations specified in the notification; exemptions require the Government's satisfaction that they are necessary or expedient having regard to the purposes of the travel and any special circumstances, and may apply to individual travel or to a class or category of travel.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
