https://www.taxtmi.com/caselaws?id=187117 Where an assessee claimed that funds used to buy property in his wife's name came from the sale of her jewellery, the Tribunal was entitled to reject that explanation when the supporting material was inconsistent and unsupported by surrounding circumstances. A finding of fact will stand unless it is unsupported by evidence or is perverse. On the question of burden, once the consideration was traced to sale proceeds standing in the assessee's own name, the onus shifted to the wife to prove with satisfactory evidence that the property genuinely belonged to her. On the material recorded, the purchase money could properly be treated as assessable receipts from an undisclosed source. en-us Mon, 04 Dec 1961 00:00:00 +0530 Mon, 10 Oct 2016 15:44:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187117 Where an assessee claimed that funds used to buy property in his wife's name came from the sale of her jewellery, the Tribunal was entitled to reject that explanation when the supporting material was inconsistent and unsupported by surrounding circumstances. A finding of fact will stand unless it is unsupported by evidence or is perverse. On the question of burden, once the consideration was traced to sale proceeds standing in the assessee's own name, the onus shifted to the wife to prove with satisfactory evidence that the property genuinely belonged to her. On the material recorded, the purchase money could properly be treated as assessable receipts from an undisclosed source. Case-Laws Income Tax Mon, 04 Dec 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187117