1987 (12) TMI 12

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.... undivided family, is engaged in the business of sarafa, pawning, etc., at Gorakhpur. A search was conducted in the business premises of the assessee and on the residential premises of its members and certain books and valuables were seized. Smt. Kamla Devi and Sri Ashok Kumar Barnwal are the members of the Hindu undivided family besides others. After the search the Department was of the view that....

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.... Sri Ashok Kumar Barnwal and Smt. Kamla Devi, both members of the assessee-Hindu undivided family, were merely benamidars and the pawning business, in fact, belonged to the assessee. It was clearly held by the Tribunal that the funds were not invested in the pawning business by the individuals but by the assessee-Hindu undivided family. On their being examined, both the members of the assessee Hin....