https://www.taxtmi.com/caselaws?id=99587 The court held that the assessee, as the holder of share warrants, was entitled to the credit of tax deducted at source from the gross dividend. The judgment clarified that the holder of share warrants should be treated as a shareholder for the purpose of section 199 of the Income Tax Act. Additionally, the court stated that even if not considered a shareholder under section 199, the assessee would still be eligible for a refund under section 237 due to excess tax deducted. The decision favored the assessee, with no costs awarded as she was not represented by legal counsel. en-us Thu, 11 Aug 1977 00:00:00 +0530 Fri, 27 Jan 2012 18:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=99587 The court held that the assessee, as the holder of share warrants, was entitled to the credit of tax deducted at source from the gross dividend. The judgment clarified that the holder of share warrants should be treated as a shareholder for the purpose of section 199 of the Income Tax Act. Additionally, the court stated that even if not considered a shareholder under section 199, the assessee would still be eligible for a refund under section 237 due to excess tax deducted. The decision favored the assessee, with no costs awarded as she was not represented by legal counsel. Case-Laws Companies Law Thu, 11 Aug 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=99587