Tax notification: foreign oil company recognised; permitted income restricted to receipts under the specified India-Iran MOU. The Central Government notifies the National Iranian Oil Company as the foreign company covered under the specified tax provision and identifies the India-Iran Memorandum of Understanding of 20 January 2013 as the governing agreement, subject to the condition that the company shall not engage in any activity in India other than receipt of income under that agreement, effective from 20 January 2013.
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 notification: foreign oil company recognised; permitted income restricted to receipts under the specified India-Iran MOU.
The Central Government notifies the National Iranian Oil Company as the foreign company covered under the specified tax provision and identifies the India-Iran Memorandum of Understanding of 20 January 2013 as the governing agreement, subject to the condition that the company shall not engage in any activity in India other than receipt of income under that agreement, effective from 20 January 2013.
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 
