1991 PLP 270 (PTD)
COMMISSIONER OF INCOME-TAX Versus SHRI RAM AVTAR
| Citation | 1991 PLP 270 (PTD) |
| Forum / Court | Punjab and Haryana High Court (India) |
| Bench Members | V. Ramaswami, C.J. and G. R. Majithia, J |
| Parties | COMMISSIONER OF INCOME-TAX Versus SHRI RAM AVTAR |
| Primary Law | Income-tax |
Q1: What are the key laws and sections cited in 1991 PLP 270 (PTD)?
This judgment primarily cites: Income-tax as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 1991 PLP 270 (PTD)?
The case was heard and decided by the Punjab and Haryana High Court (India) bench comprising: V. Ramaswami, C.J. and G. R. Majithia, J.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 1991 PLP 270 (PTD) (COMMISSIONER OF INCOME-TAX Versus SHRI RAM AVTAR). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Headnotes / Summary
Interest payable on deposits in the names of minors
Whether could be treated as income arising from their admission to partnership and included in total income of assessee is a question of law fit to be referred. Whether the Tribunal was right in holding that the interest payable on the deposits standing in the names of minors could not be treated as income arising directly or indirectly from their admission to the benefits of the partnership so as to attract the provisions of section 64(1)(iii) of the Indian Income-tax Act, 1961, and be included in the total income of the assessee, was a question of law fit to be referred. Ashok Bhan and A.K. Mittal for the Commissioner. S.S. Mahajan for the Assessee.
Judgment & Decree
V. RAMASWAMI, C.J.--We are satisfied that the following question of law does arise from out of the order of the Tribunal. Accordingly, we direct the Tribunal to state a case and refer the following question of law to this Court for its opinion: "Whether. on the facts and in the circumstances of the case, the Tribunal was right in law in upholding the finding of the Appellate Assistant Commissioner that the interest payable on the deposits standing in the names of minors could not be treated as income arising directly or indirectly from their admission to the benefits of the partnership so as to attract the provisions of section 64(l)(iii) of the Income-tax Act, 1961, and be included in the total income of the assessee?" Z.S./824/T Order accordingly.