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1982 (9) TMI 150 - ITAT MADRAS-CExtract: .......not be regarded, as the benefits arising from the partnership which could be added u/s. 64(1) (iii) to the income of the parent. Accordingly, we set aside the orders of the authorities below and direct the ITO to recompute the income of the assessee excluding the interest accruing to the minors from the deposits in the firms. The appeal is allowed.
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