General Definitions

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....s, according to the Indian Law and in accordance with international law and the U.N. Convention on the Law of the Sea ; (b) the term 'the Sultanate of Oman' means the territory of the Sultanate of Oman and the islands belonging thereto, including the territorial waters and any area outside the territorial waters over which the Sultanate of Oman may, in accordance with internationa....

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....ontracting State" and "enterprise of the other Contracting State" mean respectively an enterprise carried on by a resident of a Contracting State and an enterprise carried on by a resident of the other Contracting State ; (g) the term 'fiscal year' means : (i) in the case of India, 'previous year' as defined under section 3 of the Income-tax Act, 1961 ; ^....

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....ian tax or Omani tax, as the context requires, but shall not include any amount which is payable in respect of any default or omission in relation to the taxes to which this Agreement applies or which represents a penalty imposed relating to those taxes. 2. As regards the application of this Agreement by a Contracting State, any term not defined therein shall, unless the context otherwise requi....