1979 (8) TMI 99 - AT - Income Tax

Summary

The ITAT Gauhati ruled in favor of the assessee, confirming the AAC's decision to exclude minors' income from total income under section 64(1) of the IT Act, 1961. The Tribunal cited previous court decisions supporting this interpretation. The Revenue's appeals were dismissed. (Case citation: 1979 (8) TMI 99 - ITAT GAUHATI)