https://www.taxtmi.com/caselaws?id=26956 The court held that the tax deducted at source on dividend income cannot be credited to the assessee company if the dividend income is not assessed in its hands. The judgment emphasized provisions of the Income-tax Act, specifically sections 198 and 199, stating that credit for tax deducted at source can only be given to the person from whose income the deduction was made. As the dividend income was not to be assessed in the assessee's hands, the court dismissed the petition, upholding that one person cannot claim credit for tax paid by another person under the Act. en-us Thu, 07 Mar 1985 00:00:00 +0530 Tue, 09 Feb 2010 15:52:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26956 The court held that the tax deducted at source on dividend income cannot be credited to the assessee company if the dividend income is not assessed in its hands. The judgment emphasized provisions of the Income-tax Act, specifically sections 198 and 199, stating that credit for tax deducted at source can only be given to the person from whose income the deduction was made. As the dividend income was not to be assessed in the assessee's hands, the court dismissed the petition, upholding that one person cannot claim credit for tax paid by another person under the Act. Case-Laws Income Tax Thu, 07 Mar 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26956