Supreme Court Dismisses Appeal in Income Tax Case Regarding Tax Liability on Dividend Income from Shares Belonging to Hindu Undivided Family but Registered in Individual's Name. Court Holds that Tax Liability Attaches to Real Owner of Shares, Not Merely Registered Shareholder, Under Section 16(2) of Income Tax Act, 1922.
10 Feb 1966This case involved a dispute over the liability to pay income-tax on dividend income from shares registered in the name of an individual but claimed t...




