TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of ITAT resolved a capital gains taxation dispute involving an HUF's property transaction. The tribunal found that capital gains should have been computed in the seller/builder's hands, not the assessee-HUF's. Tax deductions by ultimate apartment buyers supported this conclusion. The tribunal determined that the Assessing Officer's addition of capital gains to the HUF's income was erroneous. Consequently, no capital gains would accrue to the assessee-HUF for the assessment year 2016-17, and the impugned addition was deleted. The assessee's appeal was allowed, effectively reversing the previous tax assessment and providing relief to the HUF.
TaxTMI 
TaxTMI 
