Treaty amendment: deletion of a treaty paragraph changes bilateral tax treatment for assessments from a specified assessment year. The Central Government has directed domestic effect be given to mutual Letters of Exchange deleting paragraph (4) of Article VI of the 1961 India-Finland income tax treaty, which had preserved domestic assessment provisions for occasional shipping or tramp steamers; the amendment, accepted by both governments, applies to any assessment year commencing on or after the first day of April, 1976, and is implemented under the Central Government's statutory tax powers.
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Provisions expressly mentioned in the judgment/order text.
Treaty amendment: deletion of a treaty paragraph changes bilateral tax treatment for assessments from a specified assessment year.
The Central Government has directed domestic effect be given to mutual Letters of Exchange deleting paragraph (4) of Article VI of the 1961 India-Finland income tax treaty, which had preserved domestic assessment provisions for occasional shipping or tramp steamers; the amendment, accepted by both governments, applies to any assessment year commencing on or after the first day of April, 1976, and is implemented under the Central Government's statutory tax powers.
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