1979 (10) TMI 115

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..... see's share income from the firm. In the case of the assessment proceedings for 1966-67 the ITO found that a house had been purchased in the name of Smt. Aysha Bibi, the assessee's wife expending a sum of Rs. 13,200. The assessee claimed that this purchase was financed out of amounts belonging to the wife but this was not accepted by the ITO who included the sum of Rs. 13,200 as the income from ot .....

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..... not belong to the lady but to the assessee. The income of the assessee included under s. 69 in his total income according to the ld. counsel was a clear case of concealment. 3. After hearing the learned counsel for the assessee we see no reason to interfere with the order of the AAC. It is true that in the assessment appeal the addition has been sustained. But this is so more because the assess .....

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