https://www.taxtmi.com/caselaws?id=36517 The court upheld the Tribunal's decision, ruling that fixed deposits in the names of the wife and minor son of the assessee were to be treated as the income of the assessee for multiple assessment years. The wife's claim that the deposits were gifts from her parents was deemed unsupported, and the argument that they could be from assets received in a partition lacked evidence. The court found that there was enough evidence to support the deposits being considered the income of the assessee, ultimately ruling in favor of the department and awarding costs to the Commissioner of Income-tax. en-us Thu, 07 Sep 1978 00:00:00 +0530 Tue, 23 Mar 2010 10:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36517 The court upheld the Tribunal's decision, ruling that fixed deposits in the names of the wife and minor son of the assessee were to be treated as the income of the assessee for multiple assessment years. The wife's claim that the deposits were gifts from her parents was deemed unsupported, and the argument that they could be from assets received in a partition lacked evidence. The court found that there was enough evidence to support the deposits being considered the income of the assessee, ultimately ruling in favor of the department and awarding costs to the Commissioner of Income-tax. Case-Laws Income Tax Thu, 07 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36517