Minimum Public Offer Requirements set tiered issuer-based allotment minima with mandatory staged public shareholding increases and exchange enforcemen...
Disallowance under tax law for investment expenses cannot be applied mechanically; authority must record clear reasons before increasing assessee's su...
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.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4821 
Join Channel 
