(1.) THE question referred to this Court by the Tribunal, under Section 256 (1) of the Income Tax Act, 1961, runs as follows :
(2.) THE facts out of which this question of law arises may be stated in brief. THE assessment year is 1953-54. THE assessee was a Hindu Undivided Family of which one Ganapatram was the Karta. During the accounting year, on 20-7-52, the following credit appeared in the cash book of the assessee :