Indian tax authorities have been looking to revise a number of DTAAs that were entered into by India in the eighties. These agreements need to be revised as many do not factor in new concepts and developments such as e-commerce, transfer pricing and mutual agreement procedure (MAP), an alternative dispute resolution mechanism now provided under tax treaties.

There has been a substantial expansion of global trade in the nineties, requiring a revision to the earlier DTAAs, officials said. So far, India has signed DTAAs with 72 countries.