S. RANGANATHAN, J.

( 1 ) THESE are four income tax references at the instance of the assessee, a firm known as M/s. Sanghi Motors, pertaining to the assessment years 1966-67 to 1969-70. The common question involved in all these references lies within a very narrow campass. The assessee is a firm of eight partnres of whom three were partners of the firm in their capacity as the Kartas of their respective Hindu Undivided Family. To one of such persons, namely, Suresh Kumar Sanghi the firm paid salary, interest on deposits and bonus. It is common ground that Suresh Kumar Sanghi was a partner in the firm in his capacity as the Karta of his Hindu Undivided Family and that the income of the firm which fell to hisshare was assessed in the hands of the respective family and not included in his assessment as an individual. Equally it is common ground that the salary and the bonus were paid to Suresh Kumar Sanghi in respect of services rendered by him and were assessable as his individual income. So also the deposits made by him with the firm on which he derived interest were all deposits made by him out of his own individual funds and the interest in respect of those deposits also has been.

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