The Madras High Court (HC) dismissed the writ petition filed by three petitioners challenging:
(i) the constitutional validity of section 94-A of the Income-tax Act, 1961; (ii) the validity of Notification No. 86/2013 dated 1 November 2013 issued by the Central Government under section 94-A of the Act notifying Cyprus as a notified jurisdictional area; and (iii) the validity of the Press Release titled Concerning the Double Taxation Avoidance Agreement (the tax treaty) between Cyprus and India dated 1 November 2013 issued by the Ministry of Finance, Government of India.
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