1995 (1) TMI 10

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....ax Appellate Tribunal under section 256(1) of the Income-tax Act, 1961, for decision of this court. The common question of law that arises in these two cases for the two assessment years 1979-80 and 1980-81 reads as follows : "Whether, on the facts and in the circumstances of the case, the Tribunal is right in law in holding that the share income of the minor sons of the assessee from the pa....

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....Prasad v. CIT [1983] 144 ITR 851 [FB]. Learned counsel appearing for the Revenue, apart from the cases cited above, proceeded to rely on another judgment of the Madras High Court in CIT v. S. Balasubramaniam [1984] A HREF=HTTP://127.0.0.1//122323>147 ITR 732. We have gone through the judgment. In view of the recent judgment of the Supreme Court on an identical question, in CIT v. Harbhajan L....