Tax Relief: Court Orders 5% Dividend Tax Rate Under Section 197 of Income Tax Act, Aligning with India-Swiss DTAA.

The HC of Delhi set aside the impugned orders from 04.01.2021 and 11.03.2021, aligning with a previous judgment. It directed the issuance of a certificate under Section 197 of the Income Tax Act, 1961, allowing the petitioner to benefit from a 5% tax rate on dividends as per the India-Swiss DTAA.

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The High Court of Delhi set aside impugned orders dated 04.01.2021 and 11.03.2021 in response to a petition covered by a previous judgment. A certificate under Section 197 of the Income Tax Act, 1961 will be issued in favor of the petitioner, confirming a 5% tax rate on dividends under India-Swiss DTAA.

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