https://www.taxtmi.com/caselaws?id=29558 Where the same dividend income had been taxed in the hands of both the family and the individual assessee, the Tribunal was entitled to direct an appropriate adjustment to prevent duplicate tax recovery. The Delhi HC upheld that power, treating the adjustment as consistent with equity and the principle approved by the Supreme Court in the authority relied on by the Tribunal. Questions about the exact manner of giving effect to the adjustment, including any tax credit on the grossed-up dividend, were left unanswered because they were premature and had not yet arisen in final form before the assessing authority. en-us Fri, 09 Jan 1981 00:00:00 +0530 Sat, 13 Mar 2010 17:03:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29558 Where the same dividend income had been taxed in the hands of both the family and the individual assessee, the Tribunal was entitled to direct an appropriate adjustment to prevent duplicate tax recovery. The Delhi HC upheld that power, treating the adjustment as consistent with equity and the principle approved by the Supreme Court in the authority relied on by the Tribunal. Questions about the exact manner of giving effect to the adjustment, including any tax credit on the grossed-up dividend, were left unanswered because they were premature and had not yet arisen in final form before the assessing authority. Case-Laws Income Tax Fri, 09 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29558