SENSEX
NIFTY
GOLD
USD/INR

Weather

image 28    C

National News

The Economic Times

National / The Economic Times

details

Company's income not taxable in shareholders' hands: HC

The Delhi High Court ruled shareholders do not own company assets. They only own shares. Therefore, they cannot be taxed on a company's income. Dividend income may be taxed. The court dismissed appeals by the Income Tax Department. It upheld a tribunal's order. Shareholders were not beneficial owners of company assets.

30 Apr 2026 12:54 am