diff --git a/lisp/indent.el b/lisp/indent.el
index 0f6c68d..02ec210 100644
--- a/lisp/indent.el
+++ b/lisp/indent.el
@@ -593,18 +593,18 @@ indent-relative
 	    ;; Is start-column inside a tab on this line?
 	    (if (> (current-column) start-column)
 		(backward-char 1))
-	    (or (looking-at "[ \t]")
-		unindented-ok
-		(skip-chars-forward "^ \t" end))
+	    (unless (looking-at "[ \t]")
+              (skip-chars-forward "^ \t" end))
 	    (skip-chars-forward " \t" end)
 	    (or (= (point) end) (setq indent (current-column))))))
-    (if indent
-	(let ((opoint (point-marker)))
-	  (indent-to indent 0)
-	  (if (> opoint (point))
-	      (goto-char opoint))
-	  (move-marker opoint nil))
-      (tab-to-tab-stop))))
+    (cond (indent
+           (let ((opoint (point-marker)))
+             (indent-to indent 0)
+             (if (> opoint (point))
+                 (goto-char opoint))
+             (move-marker opoint nil)))
+          (unindented-ok nil)
+          (t (tab-to-tab-stop)))))
 
 (defcustom tab-stop-list nil
   "List of tab stop positions used by `tab-to-tab-stop'.