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Bombay High Court Dismisses Assessee's Appeal in Income Tax Case on Dividend Distribution Tax Rate. DDT under Section 115-O is a tax on the company, not on shareholders, and the India-UK DTAA does not provide a lower rate for DDT.

The Bombay High Court dismissed a batch of seven appeals filed by Foseco India Ltd. under Section 260A of the Income Tax Act, 1961, challenging a comm...

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High Court of Karnataka Allows Writ Petition Challenging Rejection of Sale Deeds as Inadmissible for Want of Stamp Duty — Held that Documents Executed by Sovereign Ruler Are Exempt from Stamp Duty Under Article 363 of the Constitution and Section 3 of the Karnataka Stamp Act, 1957

The petitioner, H H Jyotendra Sinhji Vikramsinhji, represented by his power of attorney holder Girish, filed a writ petition under Articles 226 and 22...