TaxTMI 
TaxTMI 
1978 (9) TMI 12
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....Chhidama Lal Bishambhar Nath was assessed for the year 1966-67 in the status of HUF. In the assessment year 1968-69, Sri Lallu Mal, who was a karta of the aforesaid HUF, was assessed in the status of an individual. The same situation prevailed in he assessment years 1969-70 and 1970-71. After the assessments for the first two years were completed, the ITO noticed that there were certain fixed depo....
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....sment years 1966-67, 1968-69, 1969-70 and 1970-71 ? " The position is that for the year 1966-67, an amount of Rs. 10,000 was deposited on August 9, 1965, in the name of the minor son, Suresh Chand and on November 4, 1965, an amount of Rs. 10,000 was deposited in the bank in the name of the wife, Smt. Chandrawati. During the accounting period relevant for the year 1968-69 there were three deposi....
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....ar flow of deposits in the names of the wife and the minor son. The wife filed a certificate that the deposits were made up of gifts received by her from her parents from time to time. She further stated that it was not possible for her to give further details in support of it. The income-tax authorities have disbelieved this, as it has been found to be too vague and is not supported by any det....
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.... fact given up by the wife and in the certificate given by her she claimed the deposits to have come out of the gifts received from her parents from time to time. If it had been a fact that the money deposited in the bank were out of the income from the assets and properties received by them in the partition, the wife should have given a certificate to this effect. But no one ever whispered it eve....