1980 (1) TMI 116

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....1,717 and Rs. 1,479. (totalling Rs. 3,196) made in the assessment as representing interest payable or paid on the deposits of Rs. 10,000 each in the name of Anupama Sanwalka and Meenu Sanwalka. 2. Necessary facts are that Brij Bhushan Sanwalka, who has been assessed in the status of HUF, gifted a sum of Rs. 10,000 on 3rd April, 1972 to his daughter Anupama Sanwalka and another sum of Rs. 10,000....

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....0 made by Brij Bhushan Sanwalka to his daughter Anupama Sanwalka on 3rd April, 1972. We dismissed the appeal and would like to reproduce paras 4 and 5 of the Tribunal's order, as follows: "4. For the Revenue, Shri C.S. Jain was present and for the respondent Shri Subhash Khanna advocate, appeared. Shri Khanna submitted that only movable assets of the respondent as per the Wealth-tax assessment ....