https://www.taxtmi.com/caselaws?id=69715 The Tribunal upheld the inclusion of interest on the accumulated share of profits of minor children in the assessments of their parents under Section 64(1)(iii) of the Income Tax Act, 1961. The Tribunal concluded that the accumulated profits belonged to the minors and were not converted into deposits or loans, thus affirming the Appellate Assistant Commissioner's order. The appeals were dismissed, and the parents were required to include the interest on the minors' accumulated share of profits in their assessments. en-us Sat, 28 Oct 1978 00:00:00 +0530 Mon, 11 Apr 2011 16:57:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69715 The Tribunal upheld the inclusion of interest on the accumulated share of profits of minor children in the assessments of their parents under Section 64(1)(iii) of the Income Tax Act, 1961. The Tribunal concluded that the accumulated profits belonged to the minors and were not converted into deposits or loans, thus affirming the Appellate Assistant Commissioner's order. The appeals were dismissed, and the parents were required to include the interest on the minors' accumulated share of profits in their assessments. Case-Laws Income Tax Sat, 28 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69715