https://www.taxtmi.com/caselaws?id=416229 The court set aside the respondent's decision prescribing a 10% tax rate on dividends and directed the issuance of a certificate for a 5% tax withholding rate under the India-Switzerland Double Taxation Avoidance Agreement (DTAA) with the Most Favoured Nation (MFN) clause for the specific dividend amount in the Financial Year 2021-22. Emphasizing the importance of following established legal principles and binding court decisions, the court ruled in favor of the petitioner, highlighting the necessity of adhering to past judgments and directing compliance with the applicable tax rate as per the DTAA. en-us Mon, 20 Dec 2021 00:00:00 +0530 Wed, 22 Dec 2021 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416229 The court set aside the respondent's decision prescribing a 10% tax rate on dividends and directed the issuance of a certificate for a 5% tax withholding rate under the India-Switzerland Double Taxation Avoidance Agreement (DTAA) with the Most Favoured Nation (MFN) clause for the specific dividend amount in the Financial Year 2021-22. Emphasizing the importance of following established legal principles and binding court decisions, the court ruled in favor of the petitioner, highlighting the necessity of adhering to past judgments and directing compliance with the applicable tax rate as per the DTAA. Case-Laws Income Tax Mon, 20 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416229