Rather there was a minor loss and therefore, the bank account was closed on 24.03.2009. SB/GEM/17136 filed with the HUF return, “HUF Account” had been mentioned on the first page of the passbook, no such entry had been made in the IndusInd Bank account. Therefore, it was clear that the assessee had not informed the bank that this was a HUF account. Furthermore, perusal of the said bank account showed withdrawals of Rs. Furthermore, the bank statement also did not reveal that the said bank account was being operated for the purposes of doing any business in the trading of Banarasi sarees.