Held that the dividend paid to entities enjoying absolute immunity under the IT Act, such as IFC, which has been granted tax-free status, should in all forms be excluded from the taxable base for the purpose of DDT; hence, the amount of dividend paid to IFC is to be reduced from the total amount on which DDT is payable, and the assessee is entitled to a refund. (AY.2018-19 to 2020-21)