Case Law Analysis
|Income Tax Appellate Tribunal
Section 168 & 199 IT Act | TDS Credit on Post-Death Dividend Income Must Pass to Deceased’s Estate: ITAT Mumbai
ITAT Mumbai rules that TDS credit on dividend income accruing after a taxpayer’s death must be allowed to the deceased’s estate, not the legal heir, under Section 168 read with Section 199 of the Income Tax Act. The decision clarifies that the estate is the taxable entity for post-demise income, overriding procedural requirements under Rule 37BA(2) where factual timing of income accrual is established.