https://www.taxtmi.com/caselaws?id=276762 Deemed dividend under section 23A was treated as notional income attributable only to the registered shareholder, not to the administrator of a deceased shareholder's estate. Income of the deceased could be assessed only under section 24B to the extent tax was payable by the deceased and recoverable from the estate, while post-death estate income was assessable in the administrator's own right. Because the department reopened the administrator's assessment for a later year to add the deceased shareholder's deemed dividend, the notice under section 34(1)(b) and the reassessment were invalid. The amount could not be brought to tax as the administrator's income. en-us Thu, 21 Sep 1961 00:00:00 +0530 Fri, 16 Nov 2018 18:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276762 Deemed dividend under section 23A was treated as notional income attributable only to the registered shareholder, not to the administrator of a deceased shareholder's estate. Income of the deceased could be assessed only under section 24B to the extent tax was payable by the deceased and recoverable from the estate, while post-death estate income was assessable in the administrator's own right. Because the department reopened the administrator's assessment for a later year to add the deceased shareholder's deemed dividend, the notice under section 34(1)(b) and the reassessment were invalid. The amount could not be brought to tax as the administrator's income. Case-Laws Income Tax Thu, 21 Sep 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276762