Judgment

ASHOK BHAN, J. - These appeals are directed against the judgment and order dated 9 - 7 - 2001 passed by the High Court of Karnataka at Bangalore in ITRCs Nos. 38, 39 and 40 of 1996 vide which the High Court has allowed

Reference Cases Nos. 39 and 40 of 1996 thereby answering the questions in favour of the Revenue and against the assessee. ITRC No. 38 of 1996 filed by the assessee has been dismissed by the High Court. Since these appeals arise from the common order passed by the High Court, we also propose to dispose of them by a common order.

Facts

2. The facts relevant for disposing of these references in short are:

P.R. Metrani and YR Metrani were two brothers and are the members of the joint Hindu family. PR. Metrani (HUF), the assessee was a partner in a firm called M/s RN. Metrani and Sons. Y.R. Metrani was also a partner in this firm. PR. Metrani as well as Y.R Metrani have died during the pendency of these cases.

3. A search of the residential premises Ranganatha Nilaya was conducted by the Income Tax, Central Excise and Customs Departments on 30 - 6 - 1982 and 1 - 7 - 1982 and as well as the business premises where the business of the firm was being conducted. The