https://www.taxtmi.com/caselaws?id=1641 The court ruled in favor of the assessee regarding the interpretation of Section 199 of the Income Tax Act, emphasizing that credit for tax deducted at source from dividends should be given to the shareholder when the dividend income is taxed in their hands, not the firm's. The court also clarified that Rule 30A applies when the dividend income is taxed in the hands of the firm, not the shareholder. The jurisdiction of the Commissioner (Appeals) to entertain appeals related to interest levied under specific sections of the Income-tax Act was not extensively addressed due to the favorable ruling for the assessee on the primary issue. en-us Mon, 27 Aug 2007 00:00:00 +0530 Thu, 13 Jun 2013 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1641 The court ruled in favor of the assessee regarding the interpretation of Section 199 of the Income Tax Act, emphasizing that credit for tax deducted at source from dividends should be given to the shareholder when the dividend income is taxed in their hands, not the firm's. The court also clarified that Rule 30A applies when the dividend income is taxed in the hands of the firm, not the shareholder. The jurisdiction of the Commissioner (Appeals) to entertain appeals related to interest levied under specific sections of the Income-tax Act was not extensively addressed due to the favorable ruling for the assessee on the primary issue. Case-Laws Income Tax Mon, 27 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1641