https://www.taxtmi.com/caselaws?id=6971 The High Court ruled in favor of the assessee, holding that the dividends received from a private limited company and paid to family members as per the company's articles of association were diverted at the source and should be excluded from the assessee's total income. The court affirmed the decision of the Appellate Tribunal, stating that the payments to family members were pursuant to the company's directions and not an application of the assessee's own income. en-us Tue, 05 Sep 1967 00:00:00 +0530 Sat, 07 Feb 2009 12:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6971 The High Court ruled in favor of the assessee, holding that the dividends received from a private limited company and paid to family members as per the company's articles of association were diverted at the source and should be excluded from the assessee's total income. The court affirmed the decision of the Appellate Tribunal, stating that the payments to family members were pursuant to the company's directions and not an application of the assessee's own income. Case-Laws Income Tax Tue, 05 Sep 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6971