1998 (4) TMI 54

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.... family (HUF) of one A. T. Balakrishnan consisted of himself, his two sons, one daughter and wife. The assessee-Shri B. Sivaprakash, is one of the two sons of the said A. T. Balakrishnan. The property at No. 301, T. H. Road, Madras, is the self-acquired property of the said assessee. What he did was, he threw the said self-acquired property in the hotchpot of the Hindu undivided family on July ....

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....he assessee, vide order in ITA No. 1728/Mds/1976-77, "C" Bench, Madras, dated November 27, 1977, relating to the assessment year 1972-73 and following the aforesaid order of the Tribunal, directed the Wealth-tax Officer to exclude that portion of the value of the property of door No. 301, T. H. Road, from the net wealth of the assessee. On appeal by the Revenue, the Tribunal, upheld the orders ....