The Indian Supreme Court has issued a judgment on the application of the Most Favored Nation (MFN) clauses in India's tax treaties. In particular, the judgment concerns a batch of appeals to orders of the Delhi High Court involving the interpretation of the MFN clauses contained in India's tax treaties with countries that are members of the OECD, including the treaties with France, the Netherlands, and Switzerland. The MFN clauses in the treaties are triggered when India agrees to more beneficial withholding tax rates/terms regarding dividends, interest, royalties, and fees for technical services with third States that are a member...