1986 (7) TMI 66 - HC - Income Tax

Summary

The High Court of Allahabad directed the Tribunal to refer a question regarding the inclusion of interest income of minor sons in the assessee's total income under section 64(1)(iii) of the Income-tax Act, 1961. The Tribunal was instructed to draw up a statement of the case and refer the question to the court for its opinion. The applicant was awarded costs of Rs. 125.