https://www.taxtmi.com/caselaws?id=62099 Interest credited by a firm to an estate account after a partner's death was not treated as payment to a partner for section 40(b) disallowance because the estate holder had completed administration and held the amount as trustee. The minors had no present enforceable right to the income during the year, as enjoyment under the will was postponed until the youngest attained majority. On that footing, no income had accrued to the minor partners and the credited interest did not fall within payment to a partner under section 40(b). en-us Sat, 07 Aug 1976 00:00:00 +0530 Tue, 18 Jan 2011 11:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62099 Interest credited by a firm to an estate account after a partner's death was not treated as payment to a partner for section 40(b) disallowance because the estate holder had completed administration and held the amount as trustee. The minors had no present enforceable right to the income during the year, as enjoyment under the will was postponed until the youngest attained majority. On that footing, no income had accrued to the minor partners and the credited interest did not fall within payment to a partner under section 40(b). Case-Laws Income Tax Sat, 07 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62099