https://www.taxtmi.com/caselaws?id=56501 The Tribunal allowed the appeal against the addition of interest earned by the wife under section 64(1)(i) of the Income-tax Act, 1961. It held that the interest earned from a loan account, not from her partnership interest in the firm, should not be clubbed with the appellant's income. The Tribunal distinguished between interest on deposits/loans and profits from the firm, citing legal precedents. Consequently, the addition of Rs. 29,250 as interest earned by the wife was set aside. en-us Tue, 06 Nov 1990 00:00:00 +0530 Sat, 04 Dec 2010 10:51:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56501 The Tribunal allowed the appeal against the addition of interest earned by the wife under section 64(1)(i) of the Income-tax Act, 1961. It held that the interest earned from a loan account, not from her partnership interest in the firm, should not be clubbed with the appellant's income. The Tribunal distinguished between interest on deposits/loans and profits from the firm, citing legal precedents. Consequently, the addition of Rs. 29,250 as interest earned by the wife was set aside. Case-Laws Income Tax Tue, 06 Nov 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56501