https://www.taxtmi.com/caselaws?id=283341 An international double taxation arrangement given statutory effect prevails over an inconsistent domestic charging rule: the Finance Act provision made the relief order binding to the extent of inconsistency, and the order's method of attributing profits to the foreign life insurance business displaced the domestic deeming rule for the years in question. The taxable profits therefore had to be determined under the double taxation relief arrangements rather than under the domestic formula, and the domestic assessments could not stand. en-us Tue, 03 Jun 1958 00:00:00 +0530 Thu, 19 Sep 2019 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283341 An international double taxation arrangement given statutory effect prevails over an inconsistent domestic charging rule: the Finance Act provision made the relief order binding to the extent of inconsistency, and the order's method of attributing profits to the foreign life insurance business displaced the domestic deeming rule for the years in question. The taxable profits therefore had to be determined under the double taxation relief arrangements rather than under the domestic formula, and the domestic assessments could not stand. Case-Laws Income Tax Tue, 03 Jun 1958 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283341