https://www.taxtmi.com/caselaws?id=70167 A closing balance in a minor son's capital account could not be treated as the assessee's income from other sources where the account reflected gifts received over earlier years and the amount had already been accepted in the son's separate assessment. On the material on record, there was no basis to attribute the built-up balance to the assessee for the year under appeal, so the addition was deleted. en-us Thu, 29 Jun 1978 00:00:00 +0530 Thu, 14 Apr 2011 16:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70167 A closing balance in a minor son's capital account could not be treated as the assessee's income from other sources where the account reflected gifts received over earlier years and the amount had already been accepted in the son's separate assessment. On the material on record, there was no basis to attribute the built-up balance to the assessee for the year under appeal, so the addition was deleted. Case-Laws Income Tax Thu, 29 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70167