https://www.taxtmi.com/caselaws?id=62977 The tribunal ruled that the interest derived by a minor on investments made with a firm, particularly on the initial capital introduced upon admission to partnership benefits, should be assessable in the mother's hands under section 64(1)(iii) of the Income-tax Act, 1961. The decision was based on the direct connection found between the minor's admission to partnership benefits and the interest earned on the initial capital, leading to the inclusion of the interest in the mother's income. en-us Mon, 07 Dec 1981 00:00:00 +0530 Thu, 27 Jan 2011 09:58:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62977 The tribunal ruled that the interest derived by a minor on investments made with a firm, particularly on the initial capital introduced upon admission to partnership benefits, should be assessable in the mother's hands under section 64(1)(iii) of the Income-tax Act, 1961. The decision was based on the direct connection found between the minor's admission to partnership benefits and the interest earned on the initial capital, leading to the inclusion of the interest in the mother's income. Case-Laws Income Tax Mon, 07 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62977