https://www.taxtmi.com/caselaws?id=5110 Dividend deemed distributed under section 23A is taxed in the year fixed by the statutory deeming provision, and the later actual credit or payment of the same amount does not create a fresh taxable event under section 16(2) read with section 4(1)(b). The shareholder's proportionate share must be included in the total income of the relevant previous year when the deemed distribution arises. Section 23A(4) operates only to avoid double taxation where tax has already been paid on the deemed dividend; it does not permit assessment of the same dividend again in a later year merely because it was actually credited then. en-us Fri, 30 Aug 1968 00:00:00 +0530 Wed, 17 Sep 2025 10:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5110 Dividend deemed distributed under section 23A is taxed in the year fixed by the statutory deeming provision, and the later actual credit or payment of the same amount does not create a fresh taxable event under section 16(2) read with section 4(1)(b). The shareholder's proportionate share must be included in the total income of the relevant previous year when the deemed distribution arises. Section 23A(4) operates only to avoid double taxation where tax has already been paid on the deemed dividend; it does not permit assessment of the same dividend again in a later year merely because it was actually credited then. Case-Laws Income Tax Fri, 30 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5110