1982 (7) TMI 112

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....nbsp;                    Smt. Veena R. Hinduja who is the daughter-in-law of the assessee was a partner in Hinduja investments. She invested Rs. 15,000 towards her capital. The siad sum was received by her by way of gifts from the following persons: Rs. 5,000 : from Jamnadas H. Hinduja (father-in-l....

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..... The ld. Deptl. Rep. strongly urged that the Commr. (A) was wrong in excluding 1/3rd share income of Smt. Veena R. Hinduja from the total income of the assessee. Sec. 64(1) (vi) is clearly applicable and the share income is includible in the assessee's total income as the income has arisen directly or indirectly from the gift of Rs. 5,000 made by the assessee to her. The ld. counsel for the asses....