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1976 (8) TMI 57 - ITAT COCHINExtract: .......ctly similar circumstances we have to give a finding that no income had accrued to them either. This means that there is no payment to the minors. Since there is no payment made to the minor partners, the provisions of s. 40(b) would not apply. We, therefore, find nothing wrong in the reasonings of the AAC. 10. The departmental appeal is dismissed.
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