Exchange of information

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....he same manner as information obtained under the domestic laws of that State and shall be disclosed only to persons or authorities (including courts and administrative bodies) concerned with the assessment or collection of, the enforcement or prosecution in respect of, or the determination of appeals in relation to the taxes referred to in paragraph 1, or the oversight of the above. Such persons or authorities shall use the information only for such purposes. They may disclose the information in public court proceedings or in judicial decisions. Notwithstanding the foregoing, information received by a Contracting State may be used for other purposes when such information may be used for such other purposes under the laws of both States and ....

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....e the information is held by a bank, other financial institution, nominee or person acting in an agency or a fiduciary capacity or because it relates to ownership interests in a person.]     ************ NOTES:- 1. Substituted vide Notification No. 74/2013 dated September 20, 2013  w.e.f. The Protocol annexed hereto shall be given effect to and shall be deemed to have been given effect to in the Union of India in accordance with Article 7 of the said Protocol, namely:- (i) in respect of Articles 4 and 5 of the said Protocol, from the 2nd day of April, 2013; and before it was read as, "ARTICLE 2 Exchange of information 1. The competent authorities of the Contracting States shall exc....