Admissibility of electronic evidence bars undervaluation demands where printouts, retracted statements and no cross-examination leave the case unprove...
Limitation in oppression and mismanagement proceedings: prior knowledge of removal and dilution barred the challenge, with valuation directions upheld...
Insolvency professional agency governance rules amended to add nominee directors, tighten independent director eligibility, and regulate managing dire...
Dividend distribution tax paid on dividends to non-resident shareholders is treated as tax on the shareholder's dividend income, so the more beneficial DTAA rate prevails over domestic law where applicable. The text notes that, following the Bombay High Court view in Colorcon Asia Pvt. Ltd., the assessee's claim for treaty-rate taxation of dividends paid to UK and Netherlands shareholders was accepted in principle. The matter was remitted only to determine the correct treaty rate under the relevant articles and to compute and refund any excess DDT.
Dividend distribution tax paid on dividends to non-resident shareholders is treated as tax on the shareholder's dividend income, so the more beneficial DTAA rate prevails over domestic law where applicable. The text notes that, following the Bombay High Court view in Colorcon Asia Pvt. Ltd., the assessee's claim for treaty-rate taxation of dividends paid to UK and Netherlands shareholders was accepted in principle. The matter was remitted only to determine the correct treaty rate under the relevant articles and to compute and refund any excess DDT.
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