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1973 (7) TMI 22 - HC - Income TaxGrandfather made gifts to grandsons - Father also made gifts to sons equally - " Whether Tribunal was right in holding that 660 shares belonged to the assessee's Hindu undivided family and, therefore, the income therefrom was not taxable in the hands of the assessee in the status of an individual ? (2) Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the Appellate Assistant Commissioner of Income-tax was justified in reducing the interest income from Rs. 13,352 to Rs. 6,157 ? " " Questions answered in the affirmative
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