https://www.taxtmi.com/caselaws?id=294600 The Tribunal partially allowed the appeal filed by the assessee regarding the rate of Dividend Distribution Tax (DDT) paid, directing the First Appellate Authority to consider all arguments presented. It was determined that DDT is a tax on the domestic company declaring the dividend, not the foreign shareholder receiving it. The Tribunal referred to the Double Taxation Avoidance Agreement (DTAA) and relevant domestic law provisions to conclude that the DTAA benefits could apply to the DDT paid by the assessee. The matter was remanded back to the Commissioner (Appeals) for reconsideration with a fair hearing opportunity provided to the assessee. en-us Mon, 03 Jul 2017 00:00:00 +0530 Fri, 23 Apr 2021 21:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294600 The Tribunal partially allowed the appeal filed by the assessee regarding the rate of Dividend Distribution Tax (DDT) paid, directing the First Appellate Authority to consider all arguments presented. It was determined that DDT is a tax on the domestic company declaring the dividend, not the foreign shareholder receiving it. The Tribunal referred to the Double Taxation Avoidance Agreement (DTAA) and relevant domestic law provisions to conclude that the DTAA benefits could apply to the DDT paid by the assessee. The matter was remanded back to the Commissioner (Appeals) for reconsideration with a fair hearing opportunity provided to the assessee. Case-Laws Income Tax Mon, 03 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294600