https://www.taxtmi.com/caselaws?id=10174 The High Court of Allahabad ruled in favor of the respondent, holding that the interest income credited to the minor's account did not have a direct or indirect nexus with the minor's admission to the partnership firm. Therefore, the court concluded that the interest amount was not includible in the total income of the assessee under section 64(1)(iii) of the Income-tax Act, 1961. en-us Mon, 27 Sep 2004 00:00:00 +0530 Thu, 09 Jul 2009 20:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10174 The High Court of Allahabad ruled in favor of the respondent, holding that the interest income credited to the minor's account did not have a direct or indirect nexus with the minor's admission to the partnership firm. Therefore, the court concluded that the interest amount was not includible in the total income of the assessee under section 64(1)(iii) of the Income-tax Act, 1961. Case-Laws Income Tax Mon, 27 Sep 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10174