1979 (7) TMI 25

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....sposal of M.C.Cs. Nos. 231 to 235 and 258, all of 1976. These are applications under s. 256(2) of the Income-tax Act, 1961, hereinafter called the Act. The material facts giving rise to these applications briefly are as follows: The assessee is an HUF deriving income from money-lending and other sources. In the course of assessment proceedings, certain payments made by the assessee by way of....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ave been made to the ladies, was disallowed. The orders passed by the ITO were affirmed by the AAC on appeal. On further appeal to the Tribunal, the Tribunal upheld the contention of the assessee with regard to the gift made in favour of Smt. Savitribai, but as regards other gifts, the Tribunal held that at the material time when the gifts were alleged to have been made, the property of the HUF wa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... do arise in this case. The questions as to whether the gifts made by the guardians appointed by the High Court of Jaora were void and whether the subsequent ratification by Bankatlal had any impact on the question of validity of the gifts are undoubtedly questions of law. Similarly, the question as to whether there was material before the Tribunal for coming to the conclusion that the gifts in qu....