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TMI Blog1986 (9) TMI 143X X X X Extracts X X X X X X X X Extracts X X X X ..... sposed of by means of a common order. 2. The assessees have sent telegram requesting for adjournment which had been rejected in view of the administrative instructions that all wealth-tax and gift-tax matters are priority in nature and should be disposed of without any delay, The appeals are delayed by three days, which has been explained as due to the intervening holidays, which to our mind, is ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lleged gifts were said to be made out of natural love and affection for which the assessee had placed reliance before the authorities below on CIT vs. Wadilal Chunilal (1963) 47 ITR 315 (Bom) and CIT vs. Daljit Singh (1980) 15 CTR (P H) 260 : (1981) 131 ITR 719 (P H). The authorities below have examined the issue as to whether it is in reality a gift or not. The fact that all the gifts were made s ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 57 (Bom). In this case, their Lordships were considering the applicability of clubbing of income provisions in almost similar circumstances. Their Lordships were of the view that if from the facts inference could be drawn that it is done in a manner for transferring of funds by the husband to the wife, then it would be covered by the term indirectly and thereby the intention to evade the clubbing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... made, then it would be the co-parceners, who can raise objections as the Karta cannot give the property of the HUF to the detriment of any of the coparceners of the HUF. The two case laws relied upon by the assessee, namely, CIT vs. Wadilal Chunilal (1963) 47 ITR 305 (Bom) the issue was gift made by the Karta to his wife, who had earlier made gift to his son and their Lordships came to the conclu ..... X X X X Extracts X X X X X X X X Extracts X X X X
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