https://www.taxtmi.com/caselaws?id=276558 The court held that the interest earned by the minor sons on their capital contributions to the partnership should be included in the total income of the assessee. The court emphasized that such interest was a direct result of the minors' admission to the partnership benefits and should therefore be taxable as part of the father's income. The court distinguished this case from situations where minors earn interest on optional deposits, emphasizing that in this instance, the interest arose from the minors' capital contribution to the partnership. The court ruled in favor of the Department, awarding costs of Rs. 100. en-us Thu, 18 Feb 1960 00:00:00 +0530 Tue, 13 Nov 2018 17:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276558 The court held that the interest earned by the minor sons on their capital contributions to the partnership should be included in the total income of the assessee. The court emphasized that such interest was a direct result of the minors' admission to the partnership benefits and should therefore be taxable as part of the father's income. The court distinguished this case from situations where minors earn interest on optional deposits, emphasizing that in this instance, the interest arose from the minors' capital contribution to the partnership. The court ruled in favor of the Department, awarding costs of Rs. 100. Case-Laws Income Tax Thu, 18 Feb 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276558