DDT Can’t Beat DTAA: ITAT Orders Refund at 10% Treaty Rate

Mitsui Kinzoku Components India Pvt. Ltd. Vs CIT(A) (ITAT Delhi) Dividend Tax Means Shareholder Tax: Excess DDT to Be Refunded In Mitsui Kinzoku Components India Pvt. Ltd. Vs. CIT(A) , ITA Nos.3910, 3911 & 3912/Del/2024, AYs 2011-12, 2012-13 & 2013-14, order dated 31.12.2025, Delhi ITAT allowed Assessee’s appeals & directed refund of excess Dividend Distribution Tax (DDT) paid. Assessee, an Indian subsidiary of Mitsui Mining & Smelting Co. Ltd., Japan, had distributed dividends to its Japanese parent & paid DDT @16.61% u/s 115-O. As per Article 10 of India–Japan DTAA, t...