1979 (8) TMI 123

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.... and Rs. 3,645 made by the ITO to the income of the assessee HUF. 2. Smt. Sushila Devi Tamakuwala is a partner in the firm of M/s Dhanraj Sagarmal & Co. and M/s. Sagar Rice & Oil Mills representing her HUF. She also made certain deposits in the aforesaid firms in her individual capacity. During the accounting period relevant to the asst. yr., 1976-77, Smt. Sushila Devi Tamakuwala received, the am....

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....es, I do not find any infirmity in the order of the AAC. If Smt. Sushila Devi Tamakuwala has really deposited any amounts with the firms of M/s Dhanraj Sagarmal & Co. and M/s. Sagar Rice & Oil Mills in her individual capacity then the interest received by her on these amounts cannot be included in the income of her HUF, whatever may be the position regarding this interest in the case of the firm c....