https://www.taxtmi.com/caselaws?id=8628 Dividends from shares bought with a husband's or father's funds but registered in the names of his wife or sons are presumptively benami, so beneficial ownership remains with the person who provided the funds unless a contrary intention to confer benefit on the nominal holders is proved. The Tribunal's view that the shares had to remain substantively the assessee's property before the dividends could be taxed was held incorrect. On that principle, the dividend income was assessable in the assessee's hands, subject to the net dividend actually received in the relevant year. en-us Mon, 25 Nov 1968 00:00:00 +0530 Fri, 08 May 2009 17:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8628 Dividends from shares bought with a husband's or father's funds but registered in the names of his wife or sons are presumptively benami, so beneficial ownership remains with the person who provided the funds unless a contrary intention to confer benefit on the nominal holders is proved. The Tribunal's view that the shares had to remain substantively the assessee's property before the dividends could be taxed was held incorrect. On that principle, the dividend income was assessable in the assessee's hands, subject to the net dividend actually received in the relevant year. Case-Laws Income Tax Mon, 25 Nov 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8628