https://www.taxtmi.com/caselaws?id=24536 The Tribunal ruled in favor of the Revenue, stating that the interest amounts received by the minors should be included in the assessee's income for the assessment year 1976-77. The Tribunal emphasized that the minors' contributions and accumulated profits were not obligations to contribute capital but rather deposits connected to their admission to the partnership benefits. The Tribunal considered the partnership deed, which indicated capital contributions by the minors and their entitlement to interest, supporting the inclusion of interest amounts in the assessee's income. en-us Tue, 24 Jan 1989 00:00:00 +0530 Wed, 20 Jan 2010 17:32:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24536 The Tribunal ruled in favor of the Revenue, stating that the interest amounts received by the minors should be included in the assessee's income for the assessment year 1976-77. The Tribunal emphasized that the minors' contributions and accumulated profits were not obligations to contribute capital but rather deposits connected to their admission to the partnership benefits. The Tribunal considered the partnership deed, which indicated capital contributions by the minors and their entitlement to interest, supporting the inclusion of interest amounts in the assessee's income. Case-Laws Income Tax Tue, 24 Jan 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24536