https://www.taxtmi.com/acts?id=5528 The Article requires competent authorities to exchange information foreseeably relevant for implementing the Convention or administering domestic tax laws, with such information to be treated as secret and disclosed only to persons or authorities concerned with assessment, collection, enforcement, prosecution, appeals or oversight, and used only for those purposes unless both States lawfully permit other use and the supplying State authorises it. It limits obligations by excepting measures contrary to domestic law or practice, information not obtainable in the normal course, and trade or public policy secrets, while obliging States to use their information gathering powers even without a domestic interest and prohibiting refusal solely because information is held by financial intermediaries or concerns ownership interests. en-us Sat, 19 Jan 2008 22:45:54 +0530 Mon, 16 Dec 2024 12:48:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=5528 The Article requires competent authorities to exchange information foreseeably relevant for implementing the Convention or administering domestic tax laws, with such information to be treated as secret and disclosed only to persons or authorities concerned with assessment, collection, enforcement, prosecution, appeals or oversight, and used only for those purposes unless both States lawfully permit other use and the supplying State authorises it. It limits obligations by excepting measures contrary to domestic law or practice, information not obtainable in the normal course, and trade or public policy secrets, while obliging States to use their information gathering powers even without a domestic interest and prohibiting refusal solely because information is held by financial intermediaries or concerns ownership interests. Act-Rules DTAA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=5528