TMI BlogInsertion of new section 90AX X X X Extracts X X X X X X X X Extracts X X X X ..... ouble taxation relief - (1) Any specified association in India may enter into an agreement with any specified association in the specified territory outside India and the Central Government may, by notification in the Official Gazette, make such provisions as may be necessary for adopting and implementing such agreement- (a) for the granting of relief in respect of- (i) income on which have be ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... specified territory outside India. (2) Where a specified association in India has entered into an agreement with a specified association of any specified territory outside India under sub-section (1) and such agreement has been notified under that sub- section, for granting relief of tax, or as the case may be, avoidance of double taxation, then, in relation to the assessee to whom such agreemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation 2 - For the purposes of this section, the expressions- (a) "specified association" means any institution, association or body, whether incorporated or not, functioning under any law for the time being in force in India or the laws of the specified territory outside India and which may be notified as such by the Central Government for the purposes of this section; (b) "specified territory ..... X X X X Extracts X X X X X X X X Extracts X X X X
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