1979 (8) TMI 123

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.... has deleted the addition of Rs. 968 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. Su....

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....g the learned representatives of the parties, 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 regardi....