https://www.taxtmi.com/caselaws?id=19121 Interest earned on deposits standing in the names of minor children was held taxable in the assessee's hands where the deposits were claimed to be explained by voluntary disclosures under the Voluntary Disclosure Scheme, but the governing Supreme Court precedent had since rejected that basis. The earlier Tribunal view, which relied on a contrary High Court decision, could not survive after the Supreme Court's ruling. The reference was answered against the assessee and in favour of the Revenue, and the deletion of the addition was not sustained. en-us Tue, 16 May 1995 00:00:00 +0530 Wed, 04 Nov 2009 11:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19121 Interest earned on deposits standing in the names of minor children was held taxable in the assessee's hands where the deposits were claimed to be explained by voluntary disclosures under the Voluntary Disclosure Scheme, but the governing Supreme Court precedent had since rejected that basis. The earlier Tribunal view, which relied on a contrary High Court decision, could not survive after the Supreme Court's ruling. The reference was answered against the assessee and in favour of the Revenue, and the deletion of the addition was not sustained. Case-Laws Income Tax Tue, 16 May 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19121