Substitution of new section for section 90

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..... ernment may enter into an agreement with the Government of any country outside India or specified territory outside India,— (a) for the granting of relief in respect of— (i) income on which have been paid both income-tax under this Act and income-tax in that country or specified territory, as the case may be, or (ii) income-tax chargeable under this Act and under the corresponding law in for .....

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..... be necessary for implementing the agreement. (2) Where the Central Government has entered into an agreement with the Government of any country outside India or specified territory outside India, as the case may be, under sub-section (1) for granting relief of tax, or as the case may be, avoidance of double taxation, then, in relation to the assessee to whom such agreement applies, the provision .....

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..... ritory" means any area outside India which may be notified as such by the Central Government.'. - Clause 39 of the Bill proposes to substitute section 90 of the Income-tax Act, relating to agreement with foreign countries. Under the existing provision, power has been conferred upon the Central Government to enter into agreement with the Government of any country outside India for granting of re .....

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