https://www.taxtmi.com/caselaws?id=3708 The High Court ruled in favor of the assessee, stating that the credit for tax deducted at source from dividend income should be given to the shareholder when the dividend income is assessed in their hands, rather than to the firm. The Court emphasized that denying the credit of TDS to the shareholder based on a previous Tribunal decision was incorrect. The issue of apportioning unabsorbed tax among partners became irrelevant after the decision on the first issue, and the Court did not provide detailed analysis on the Commissioner (Appeals) entertaining an appeal on interest levied under specific sections of the Income-tax Act. en-us Mon, 27 Aug 2007 00:00:00 +0530 Tue, 14 Jun 2011 04:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3708 The High Court ruled in favor of the assessee, stating that the credit for tax deducted at source from dividend income should be given to the shareholder when the dividend income is assessed in their hands, rather than to the firm. The Court emphasized that denying the credit of TDS to the shareholder based on a previous Tribunal decision was incorrect. The issue of apportioning unabsorbed tax among partners became irrelevant after the decision on the first issue, and the Court did not provide detailed analysis on the Commissioner (Appeals) entertaining an appeal on interest levied under specific sections of the Income-tax Act. Case-Laws Income Tax Mon, 27 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3708