https://www.taxtmi.com/caselaws?id=191401 A coparcener's mere membership of a Hindu undivided family does not create a presumption that capital credited in his name belongs to the family. The Revenue must adduce material evidence to show that the amounts are in truth family funds; the burden does not shift to the assessee merely because the entries appear in the accounts. On the facts stated, no such material was produced, so the Tribunal's approach in casting the onus on the assessee was incorrect and the inclusion of profits attributable to those shares was not sustainable. en-us Fri, 04 Mar 1955 00:00:00 +0530 Sat, 01 Apr 2017 17:30:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191401 A coparcener's mere membership of a Hindu undivided family does not create a presumption that capital credited in his name belongs to the family. The Revenue must adduce material evidence to show that the amounts are in truth family funds; the burden does not shift to the assessee merely because the entries appear in the accounts. On the facts stated, no such material was produced, so the Tribunal's approach in casting the onus on the assessee was incorrect and the inclusion of profits attributable to those shares was not sustainable. Case-Laws Income Tax Fri, 04 Mar 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191401