1979 (8) TMI 123

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..... of the assessee HUF. 2. Smt. Sushila Devi Tamakuwala is a partner in the firm of M/s Dhanraj Sagarmal Co. and M/s. Sagar Rice Oil Mills representing her HUF. She also made certain deposits in the aforesaid firms in her individual capacity. During the accounting period relevant to the asst. yr., 1976-77, Smt. Sushila Devi Tamakuwala received, the amounts of Rs. 968 and Rs. 3,645 from M/s Dhan .....

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..... er of the AAC. If Smt. Sushila Devi Tamakuwala has really deposited any amounts with the firms of M/s Dhanraj Sagarmal Co. and M/s. Sagar Rice Oil Mills in her individual capacity then the interest received by her on these amounts cannot be included in the income of her HUF, whatever may be the position regarding this interest in the case of the firm concerned. Again all that the Appellate Ass .....

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