Exchange of Notes by Government of India and Japan.

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....emented by the Protocol signed on 8th April, 1969. The relevant notification GSR No. 671(E), dated 30th November, 1974 containing the text of the Letters exchanged was circulated to all the Commissioners of Income-tax under Board's letter of even number dated 19th February, 1975. 2. The modifications to the existing Agreement brought about by the said notification dated 30-11-1974 are described b....

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....Article XII of the existing Agreement with Japan provided that the "competent authorities" of the two Contracting States shall exchange such information as is necessary for carrying out the provision of the Agreement. The scope of this provision has been enlarged to enable the exchange of information not merely for carrying out the provisions of the Agreement but also for the prevention or detecti....

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.... of residents of Japan having taxable income in India and the Income-tax Officer/Commissioner of Income-tax is of the view that there is substantial tax avoidance/evasion and it will help investigations if information is obtained from the Government of Japan under the revised Article XII of the Agreement. In such cases, a detailed note may be sent by the Commissioner of Income-tax concerned to the....