https://www.taxtmi.com/caselaws?id=9020 The court ruled in favor of the family regarding the assessment of dividend income, holding it as benami for a Hindu undivided family. The court emphasized the department's burden to prove benami ownership. The fresh assessment excluded the dividend income, resulting in a refund to the family. The court also recognized the partition in the family with retrospective effect, leading to revised assessments and refunds. Interest on delayed refunds was granted, emphasizing that interest is payable if refunds are unreasonably delayed under the Income-tax Act, 1961. en-us Wed, 16 May 1973 00:00:00 +0530 Thu, 18 Jun 2009 17:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9020 The court ruled in favor of the family regarding the assessment of dividend income, holding it as benami for a Hindu undivided family. The court emphasized the department's burden to prove benami ownership. The fresh assessment excluded the dividend income, resulting in a refund to the family. The court also recognized the partition in the family with retrospective effect, leading to revised assessments and refunds. Interest on delayed refunds was granted, emphasizing that interest is payable if refunds are unreasonably delayed under the Income-tax Act, 1961. Case-Laws Income Tax Wed, 16 May 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9020