https://www.taxtmi.com/caselaws?id=69842 The Appellate Tribunal upheld the inclusion of interest income from deposits of minor children in firms under s. 64 of the IT Act. The Tribunal considered the partnership deed provisions showing interest payments to minor partners based on current account balances, similar to previous cases. It referenced the decisions of the Madras High Court and the Supreme Court to support the inclusion of interest income in the total income of the assessee. The appeal was dismissed, affirming the inclusion of interest income from minor children's deposits in firms in accordance with legal provisions and precedents cited. en-us Tue, 03 Jul 1984 00:00:00 +0530 Tue, 12 Apr 2011 13:07:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69842 The Appellate Tribunal upheld the inclusion of interest income from deposits of minor children in firms under s. 64 of the IT Act. The Tribunal considered the partnership deed provisions showing interest payments to minor partners based on current account balances, similar to previous cases. It referenced the decisions of the Madras High Court and the Supreme Court to support the inclusion of interest income in the total income of the assessee. The appeal was dismissed, affirming the inclusion of interest income from minor children's deposits in firms in accordance with legal provisions and precedents cited. Case-Laws Income Tax Tue, 03 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69842