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Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2001 (6) TMI HC This

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2001 (6) TMI 43 - HC - Income Tax

The High Court of Madras ruled that for the assessment year 1975-76, the income of minor children from a firm could not be assessed in the hands of the father. However, for the succeeding assessment year 1976-77, the income of minor children could be assessed in the father's hands, even if the father was not a partner of the firm. The Tribunal's decision for each year was based on the relevant provisions of Section 64 of the Income-tax Act.

 

 

 

 

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