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1980 (2) TMI 134 - AT - Income Tax

The Department appealed in ITAT Jaipur for the asst. yr. 1975-76 regarding profit credited to a minor son. The AAC found transactions were on behalf of the minor, so the addition was deleted. The Tribunal upheld the AAC decision, stating the profit cannot be added to the firm's hands. The appeal was rejected. (Case Citation: 1980 (2) TMI 134 - ITAT Jaipur)

 

 

 

 

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