https://www.taxtmi.com/caselaws?id=55375 The Tribunal ruled in favor of the assessee, holding that interest income earned by minors on their deposits with a partnership firm should not be included in the assessee's income under s. 64(iii) of the Act. Citing precedents, including the Bhogilal Laherchand case and a recent Bombay High Court decision, the Tribunal emphasized that such interest income should not be considered as part of the assessee's income. Consequently, the addition of interest income in the hands of the assessee was deemed unjustified, and the appeal was allowed in favor of the assessee. en-us Fri, 26 Oct 1979 00:00:00 +0530 Fri, 26 Nov 2010 16:52:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55375 The Tribunal ruled in favor of the assessee, holding that interest income earned by minors on their deposits with a partnership firm should not be included in the assessee's income under s. 64(iii) of the Act. Citing precedents, including the Bhogilal Laherchand case and a recent Bombay High Court decision, the Tribunal emphasized that such interest income should not be considered as part of the assessee's income. Consequently, the addition of interest income in the hands of the assessee was deemed unjustified, and the appeal was allowed in favor of the assessee. Case-Laws Income Tax Fri, 26 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55375