https://www.taxtmi.com/caselaws?id=37582 The court ruled in favor of the assessee, determining that the sums of Rs. 1,50,000 and Rs. 1,05,000 were not gifts but part of the Hindu Undivided Family (HUF) property divided among its members. Additionally, the sum of Rs. 1,53,016 was also considered HUF property, not individual property. The court concluded that the entire amount of Rs. 3,35,881 was HUF property, dismissing the revenue's claims. The assessee was awarded costs, including counsel's fee of Rs. 500. en-us Tue, 31 Jan 1978 00:00:00 +0530 Tue, 30 Mar 2010 16:41:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37582 The court ruled in favor of the assessee, determining that the sums of Rs. 1,50,000 and Rs. 1,05,000 were not gifts but part of the Hindu Undivided Family (HUF) property divided among its members. Additionally, the sum of Rs. 1,53,016 was also considered HUF property, not individual property. The court concluded that the entire amount of Rs. 3,35,881 was HUF property, dismissing the revenue's claims. The assessee was awarded costs, including counsel's fee of Rs. 500. Case-Laws Income Tax Tue, 31 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37582