https://www.taxtmi.com/caselaws?id=166291 Statutory relief permitting grossing up of dividends and credit for tax paid applies only where the dividend is paid, credited or distributed to the person who is the registered shareholder; mere equitable or beneficial ownership without registration does not satisfy the statutory recipient requirement. Where the purchaser is unregistered and the company pays the dividend to the registered shareholder, the purchaser is not the statutory recipient and therefore cannot claim gross-up or tax-credit relief; absence of statutory certificates is immaterial if the registered-shareholder requirement is not met, and the claim is rejected. en-us Mon, 15 Mar 1948 00:00:00 +0530 Tue, 16 Sep 2014 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=166291 Statutory relief permitting grossing up of dividends and credit for tax paid applies only where the dividend is paid, credited or distributed to the person who is the registered shareholder; mere equitable or beneficial ownership without registration does not satisfy the statutory recipient requirement. Where the purchaser is unregistered and the company pays the dividend to the registered shareholder, the purchaser is not the statutory recipient and therefore cannot claim gross-up or tax-credit relief; absence of statutory certificates is immaterial if the registered-shareholder requirement is not met, and the claim is rejected. Case-Laws Income Tax Mon, 15 Mar 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=166291