<h1>High Court Rules Partner Eligible for TDS Credit on Dividend Income from Firm-Owned Shares Assigned to Partners.</h1> The case involved the eligibility for credit of Tax Deducted at Source (TDS) on dividend income from equity shares held by a firm but assigned to its partners. The tax officer initially denied the credit to the partner, claiming the shares belonged to the firm, thus entitling the firm to the TDS credit. However, the High Court ruled that although the shares were owned by the firm, the dividend income was taxable in the hands of the partner. Consequently, the partner was deemed eligible to avail the TDS credit, not the firm.