Indo-Cyprus Treaty: "Paid" vs "Payable" Interest Clarified Under Article 11, Excludes Notional Interest Adjustments in India.

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Full Text of the Document

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....Income accrued or arose or deemed to accrues or arise in India - adjustment of notional interest - the word “paid” cannot be extended to “payable” in respect of interest under Article 11 of Indo-Cyprus treaty - AT....