HC upheld provisions of Section 115BBDA: Tax on dividend above ₹ 10 Lakh

Rajan Bhatia Vs CBDT (Delhi High Court)

Section 115BBDA is a non-obstante provision that would apply and prevail over Section 10(34) of the Act. Section 115 BBDA states that notwithstanding anything contained in the Act, where the total income of a specified resident assessee, includes income by way of dividend declared, distributed or paid by domestic companies

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