https://www.taxtmi.com/caselaws?id=9141 The court ruled in favor of the assessee, affirming their entitlement to the tax credit for dividend income as a beneficial owner of shares, despite not being the registered shareholder initially due to an attachment. Compliance with section 108 of the Companies Act was deemed essential, and the transfer of shares to the beneficial owner, along with steps for registration, satisfied the requirements for tax credit eligibility under sections 199 and rule 30A of the Income-tax Act, 1961. The decision established a precedent for similar cases involving beneficial ownership within a family structure. en-us Wed, 19 Sep 1973 00:00:00 +0530 Fri, 19 Jun 2009 17:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9141 The court ruled in favor of the assessee, affirming their entitlement to the tax credit for dividend income as a beneficial owner of shares, despite not being the registered shareholder initially due to an attachment. Compliance with section 108 of the Companies Act was deemed essential, and the transfer of shares to the beneficial owner, along with steps for registration, satisfied the requirements for tax credit eligibility under sections 199 and rule 30A of the Income-tax Act, 1961. The decision established a precedent for similar cases involving beneficial ownership within a family structure. Case-Laws Income Tax Wed, 19 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9141