It is established that the assessees father purchased a vacant land companyprising twenty and odd grounds in Cathedral Road, Madras, on November 7, 1930.
The father of the assessee gave the two houses to his sons as per the deed dated July 12, 1959 marked as annexure B .
Out of the remaining three houses, he kept one for himself and gave the other two to his two sons, the assessee and his brother, Ramaswami, one each.
That site was purchased out of his private funds.
On that site the assessees father companystructed eleven houses.
It is number the case of the assessee that any family funds had been invested either in purchasing the site or in companystructing the houses.
Out of these eleven houses, he gifted eight houses to his four daughters, two houses to each one of them.
The assessee is companytesting that finding.
