https://www.taxtmi.com/caselaws?id=39710 Dividend income from shares unilaterally thrown into the common hotchpot of a Hindu undivided family was not assessable in the individual assessees' hands under section 16(1)(c) or section 16(3)(b) of the Indian Income-tax Act, 1922, because the declarations showed the shares had ceased to be individual property and no right of retransference or reassumption was reserved. On that basis, the tax deducted at source on such dividend income was refundable to the Hindu undivided families, as the income was not includible in the individual assessments. en-us Fri, 20 Jul 1973 00:00:00 +0530 Mon, 19 Apr 2010 17:42:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39710 Dividend income from shares unilaterally thrown into the common hotchpot of a Hindu undivided family was not assessable in the individual assessees' hands under section 16(1)(c) or section 16(3)(b) of the Indian Income-tax Act, 1922, because the declarations showed the shares had ceased to be individual property and no right of retransference or reassumption was reserved. On that basis, the tax deducted at source on such dividend income was refundable to the Hindu undivided families, as the income was not includible in the individual assessments. Case-Laws Income Tax Fri, 20 Jul 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39710