1982 (1) TMI 26

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..... ced on I St April, 1971. The financial year was the "previous year". The assessee derived, (i) share income from the firm, M/s. Khazan Singh Basant Singh, (ii) interest income from M/s. Basant Singh and Sons'. (iii) dividend income, and (iv) bank interest. The assessment was completed by the ITO on 13th March, 1974, at a total income of Rs. 90,680 as against the declared income of Rs. 24,055 as pe .....

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..... he being a female member, could not even have thrown this amount into the hotchpot of the assessee. Consequently, all the four amounts were held not to belong to the assessee. On an application made by the Commissioner, the Tribunal has referred the following questions for our decision : " (1) Whether, on the facts and in the circumstances of the case, the Appellatte Tribunal was right in law in .....

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..... ned on the amount falling to the share of Smt. Ram Piari at the time of the partition on 31st March, 1958, was not includible in the income of the assessee. Consequently, this petition is answered against the Revenue and in favour of the assessee. So far as the first question is concerned, the Tribunal has found as fact that the three amounts in favour of the three daughters were kept for marria .....

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