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[Cites 0, Cited by 0] [Section 511(10)] [Section 511] [Entire Act]

Union of India - Subsection

Section 511(10)(l) in The Income Tax Act, 2025

(l)"systemic failure" with respect to a country or territory means that the country or territory has an agreement with India providing for exchange of report of the nature referred to in sub-section (2), but—
(i)in violation of the said agreement, it has suspended automatic exchange; or
(ii)has persistently failed to automatically provide to India the report in its possession in respect of any international group having a constituent entity resident in India.