In this work, the dynamics of dephasing (without relaxation) in the presence of a chaotic oscillator is theoretically investigated. The time-dependent density functional theory (TDDFT) framework was employed in tandem with the Lindblad master equation approach for modeling the dissipation dynamics. By employing the Kohn-Sham (K-S) scheme under certain approximations, the exact model system for the potentials was acquired. In addition, a space-fractional K-S scheme is developed (using the modified Riemann-Liouville operator) for modeling the dephasing phenomenon. Extensive analyses and comparative studies were then done on the results obtained using the space-fractional K-S system and the conventional K-S system.