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2008 (3) TMI 112 - HC - Income TaxTaxability of the dividend - even though the amounts were paid for acquiring the shares, shares have not been delivered to the assessee company - change in ownership of the shares haven’t been registered & notified & therefore the assessee’s name did not appear in the share registers of the respective companies on the record date - therefore, it could not have received the dividend at all - such dividend income could not form part of the total income of the assessee – revenue appeal dismissed
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