https://www.taxtmi.com/caselaws?id=35831 The High Court held that the interest earned by the minor son on deposits made from funds given by the father should be included in the father's total income. The Court rejected the argument that the transaction was a loan, emphasizing that a loan requires a valid contract, which is not possible between a father and a minor son. The Tribunal's decision was overturned, and the revenue was entitled to costs, with counsel's fee set at Rs. 250. en-us Mon, 19 Oct 1981 00:00:00 +0530 Wed, 17 Mar 2010 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35831 The High Court held that the interest earned by the minor son on deposits made from funds given by the father should be included in the father's total income. The Court rejected the argument that the transaction was a loan, emphasizing that a loan requires a valid contract, which is not possible between a father and a minor son. The Tribunal's decision was overturned, and the revenue was entitled to costs, with counsel's fee set at Rs. 250. Case-Laws Income Tax Mon, 19 Oct 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35831