https://www.taxtmi.com/caselaws?id=56700 The Appellate Tribunal upheld the decision of the AAC in a case concerning the interpretation of Section 64 (vi) on the inclusion of interest in the assessee's assessment. The Tribunal rejected the Revenue's argument to include the entire share of profit/interest received by the daughters-in-law in the appellant's income, citing potential double addition as these amounts were already included in the father-in-law's income. Therefore, the Tribunal dismissed the appeal, affirming that only a proportionate amount should be included in the appellant's total income under Section 64 (vi). en-us Thu, 09 Oct 1980 00:00:00 +0530 Mon, 06 Dec 2010 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56700 The Appellate Tribunal upheld the decision of the AAC in a case concerning the interpretation of Section 64 (vi) on the inclusion of interest in the assessee's assessment. The Tribunal rejected the Revenue's argument to include the entire share of profit/interest received by the daughters-in-law in the appellant's income, citing potential double addition as these amounts were already included in the father-in-law's income. Therefore, the Tribunal dismissed the appeal, affirming that only a proportionate amount should be included in the appellant's total income under Section 64 (vi). Case-Laws Income Tax Thu, 09 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56700