https://www.taxtmi.com/caselaws?id=66752 The Tribunal upheld the validity of reopening assessments under section 147 of the IT Act for certain assessment years due to non-disclosure of material facts by the assessee. However, it ruled in favor of the assessee regarding the clubbing of share income and interest of a minor child, excluding the interest amounts but upholding the inclusion of share income linked to the minor's admission to partnership benefits under section 64(1)(iii) of the IT Act. The Tribunal allowed the appeals in part, based on the interpretation of the partnership deed and relevant provisions of the IT Act. en-us Sat, 17 Jul 1982 00:00:00 +0530 Mon, 07 Mar 2011 10:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66752 The Tribunal upheld the validity of reopening assessments under section 147 of the IT Act for certain assessment years due to non-disclosure of material facts by the assessee. However, it ruled in favor of the assessee regarding the clubbing of share income and interest of a minor child, excluding the interest amounts but upholding the inclusion of share income linked to the minor's admission to partnership benefits under section 64(1)(iii) of the IT Act. The Tribunal allowed the appeals in part, based on the interpretation of the partnership deed and relevant provisions of the IT Act. Case-Laws Income Tax Sat, 17 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66752