https://www.taxtmi.com/caselaws?id=68138 The court dismissed the issue regarding the reopening of assessment under Section 147/148 of the IT Act as it did not affect the present proceedings. It concluded that the two plots were HUF property acquired from HUF funds and not partitioned among HUF members. Therefore, no capital gains could be assessed in the hands of individual appellants, and entitlement to deductions under relevant sections should be considered for the HUF of Lt. Col. Bakhtwar Singh. Lt. Col. Bakhtwar Singh's appeal was allowed, deleting the addition made on account of capital gain, while the appeals of Shri Raghunath Singh HUF and Shri Dinesh Singh were dismissed. en-us Thu, 11 Aug 1994 00:00:00 +0530 Wed, 16 Mar 2011 18:40:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68138 The court dismissed the issue regarding the reopening of assessment under Section 147/148 of the IT Act as it did not affect the present proceedings. It concluded that the two plots were HUF property acquired from HUF funds and not partitioned among HUF members. Therefore, no capital gains could be assessed in the hands of individual appellants, and entitlement to deductions under relevant sections should be considered for the HUF of Lt. Col. Bakhtwar Singh. Lt. Col. Bakhtwar Singh's appeal was allowed, deleting the addition made on account of capital gain, while the appeals of Shri Raghunath Singh HUF and Shri Dinesh Singh were dismissed. Case-Laws Income Tax Thu, 11 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68138