Doubly taxed income.

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..... . The underlined expression has been defined in clause (iii) of the Explanation to the said section to mean the tax paid in the said country in accordance with the corresponding laws in force in the said country after deduction of all relief due, but before deduction of any relief due in the said country in respect of double taxation. divided by the whole amount of the income in the said country. .....

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..... n the conversion rate of that currency into Indian rupees. The Board have come across a case in which relief under section 91 of the Income-tax Act, 1961 was granted for the assessment years 1963-64 to 1965-66 by converting the doubly taxed foreign income into Indian rupees at the pre-devaluation rate of exchange (because the income had been earned prior to devaluation) but the tax paid abroad was .....

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