Tax Rates specified in DTAA in respect of Dividend must prevail over DDT
Judgement: The Income Tax Appellate Tribunal (ITAT), Delhi Bench held that tax rates specified in the Double Taxation Avoidance Agreement (DTAA) in respect of dividend must prevail over Dividend Distribution Tax (DDT). The appellant, Giesecke & Devrient (India) Pvt Ltd was incorporated in 2001 as a …