1987 (8) TMI 71

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....er the following question of law : " Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the minors received interest on their capital accounts and, therefore, the interest income was includible in the total income of the assessee within the meaning of section 64(1)(iii) of the Income-tax Act, 1961 ? " Relevant assessment years are 1976-77 to 1978-7....