https://www.taxtmi.com/caselaws?id=56597 The Tribunal ruled that the interest income earned by the minor daughter from the partnership firm could not be assessed under section 64(1)(iii) of the Income-tax Act for certain years. The decision was based on the analysis of partnership agreements and legal principles, aligning with previous judgments of the Allahabad High Court. The Tribunal allowed the assessee's appeal for one assessment year and dismissed the department's appeals for subsequent years, emphasizing the importance of specific treatment of interest income in partnership agreements. en-us Tue, 19 Jun 1984 00:00:00 +0530 Sat, 04 Dec 2010 17:24:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56597 The Tribunal ruled that the interest income earned by the minor daughter from the partnership firm could not be assessed under section 64(1)(iii) of the Income-tax Act for certain years. The decision was based on the analysis of partnership agreements and legal principles, aligning with previous judgments of the Allahabad High Court. The Tribunal allowed the assessee's appeal for one assessment year and dismissed the department's appeals for subsequent years, emphasizing the importance of specific treatment of interest income in partnership agreements. Case-Laws Income Tax Tue, 19 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56597