https://www.taxtmi.com/caselaws?id=66769 The Tribunal upheld the inclusion of minors' share income and interest accrued on their capital accounts in the assessee's hands under Section 64(1)(iii) of the IT Act. The Tribunal rejected the argument that the interest should not be included, citing judicial precedents establishing that such interest should form part of the assessee's income. The appeals were dismissed, affirming the decision to assess both the minors' share income and interest in the assessee's hands. en-us Sat, 29 Nov 1986 00:00:00 +0530 Mon, 07 Mar 2011 11:43:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66769 The Tribunal upheld the inclusion of minors' share income and interest accrued on their capital accounts in the assessee's hands under Section 64(1)(iii) of the IT Act. The Tribunal rejected the argument that the interest should not be included, citing judicial precedents establishing that such interest should form part of the assessee's income. The appeals were dismissed, affirming the decision to assess both the minors' share income and interest in the assessee's hands. Case-Laws Income Tax Sat, 29 Nov 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66769