https://www.taxtmi.com/caselaws?id=773203 Section 115-O levies dividend distribution tax on dividends declared or distributed by a domestic company, but the Tribunal considered that dividend paid to the International Finance Corporation, protected by statutory immunity under the International Finance Corporation (Status, Immunities and Privileges) Act, 1958, could not be brought into the taxable base. Reading the DDT provision with the exemption-linked exclusion in section 115-O(1A) and giving effect to the overriding immunity, the Tribunal held that the dividend had to be reduced while computing DDT. The assessee was therefore entitled to the refund claim. en-us Mon, 16 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773203 Section 115-O levies dividend distribution tax on dividends declared or distributed by a domestic company, but the Tribunal considered that dividend paid to the International Finance Corporation, protected by statutory immunity under the International Finance Corporation (Status, Immunities and Privileges) Act, 1958, could not be brought into the taxable base. Reading the DDT provision with the exemption-linked exclusion in section 115-O(1A) and giving effect to the overriding immunity, the Tribunal held that the dividend had to be reduced while computing DDT. The assessee was therefore entitled to the refund claim. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773203