CBDT Instruction on Section 94 Of The Income-Tax Act, 1961 – Double Taxation Relief – Avoidance Of Tax By Certain Transaction & In Securities – Avoidance Of Tax By Certain Transactions In Securities

SECTION 94 OF THE INCOME-TAX ACT, 1961 – DOUBLE TAXATION RELIEF – AVOIDANCE OF TAX BY CERTAIN TRANSACTION & IN SECURITIES – AVOIDANCE OF TAX BY CERTAIN TRANSACTIONS IN SECURITIES INSTRUCTION : F. NO. 178/32/2003-IT(AI), DATED 23-2-2004 “The Finance Act, 2001 introduced inter alia sub-section (7) of section 94 of the Income-tax Act, w.e.f. 1-4-2002 to curb tax…