1979 (10) TMI 107

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....onsolidated order is passed. 2. The appeals of the Revenue are directed against the orders of the AAC by which he has directed the ITO not to include the interest income received by the minors in the computation of the taxable incomes of the assessees and that the AAC should have found and held that the interest received by the minors arose from the admission of the minor sons to the benefits of ....

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....on. He also noted that the various partners are having various balance including debit balances. He, therefore, concluded that the ITO was not justified in treating the entire income of the minors under s. 64. Hence these appeals before us. 5. On behalf of the Revenue it is contended by the ld. Deptl. Representative that there was no justification for the AAC to delete the addition made by the IT....