1986 (7) TMI 66

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... minor sons in the firms, Chandra Mukhi Onkar Nath and Lala Kashi Nath Seth, ought to be included in the income of the applicant under section 64(1)(iii) of the Income-tax Act, 1961. The point was decided against the assessee. On her application, however, the Tribunal has referred to this court the following question of law: "Whether, on the facts and circumstances of the case, the amounts of in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and circumstances of the case, the Tribunal was legally justified in upholding the imposition of penalty under section 271(1)(c) for non-disclosure of interest income of the minor children in the assessee's total income the inclusion of which had been contested by the assessee ?" The aforesaid application was, however, dismissed by the Tribunal. Aggrieved, the applicant has made this application .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X