1981 (11) TMI 49

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..... wing question of law for our opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was correct in holding that the interest income of Rs. 1,000 and share income of Rs. 8,204 from the firm of M/s. Sohna Mal Hakim Chand Co. should be excluded from the assessment of the assessee-Hindu undivided family ? It appears that Mulkh Raj had deposited Rs. 20,000 in his indi .....

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..... the HUF. On appeal, the AAC set aside the assessment of the HUF. The assessment of the income in the hands of the individual was sustained. Mulkh Raj in his individual capacity filed an appeal before the Appellate Tribunal, which failed. Thereafter, a reference was filed in this court, which also was answered against him. The case is reported in [1979] 120 ITR 387 (Mulkh Raj v. CIT). The Commissio .....

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