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The central rate remained unchanged at Rs 18.9677=£ 1, and India continued to avail ... in which the accounts were held and was free of Indian income tax . ......

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(ii) the expression “ Indian rate of tax” means the rate determined by dividing the amount of Indian income-tax after deduction of any relief due under the ......

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The tax authorities held that since the taxpayer had applied the rate of tax as per Indian Income Tax Act 1961 (ITA) for its income from capital gains and ......

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