https://www.taxtmi.com/caselaws?id=97619 For dividend taxation under the Income-tax Act, entitlement to grossing-up under section 16(2) and tax credit under section 18(5) depends on statutory recognition as shareholder in the company's register of members. The court held that company law treats only the registered member as the legal shareholder; blank (unregistered) transfers create equitable rights between transferor and transferee but do not alter the company's register or its statutory obligations. Consequently an unregistered transferee under a blank transfer cannot claim grossing-up or TDS credit; the benefits accrue to the registered member. en-us Thu, 26 Mar 1959 00:00:00 +0530 Thu, 04 Sep 2014 17:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=97619 For dividend taxation under the Income-tax Act, entitlement to grossing-up under section 16(2) and tax credit under section 18(5) depends on statutory recognition as shareholder in the company's register of members. The court held that company law treats only the registered member as the legal shareholder; blank (unregistered) transfers create equitable rights between transferor and transferee but do not alter the company's register or its statutory obligations. Consequently an unregistered transferee under a blank transfer cannot claim grossing-up or TDS credit; the benefits accrue to the registered member. Case-Laws Companies Law Thu, 26 Mar 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=97619