https://www.taxtmi.com/caselaws?id=70259 The Tribunal allowed the appeal in favor of the assessee, finding a merger of orders between the ITO and AAC. The Tribunal held that the capital gains from Malaysia were not taxable in India, rendering the CIT's order unjustified. Therefore, the CIT's decision was set aside, and the ITO's assessment was reinstated. The issue of the applicability of s. 54-B to HUFs remained unresolved due to the Tribunal's ruling on the non-taxability of capital gains from Malaysia in Indian assessments. en-us Fri, 15 Nov 1985 00:00:00 +0530 Fri, 15 Apr 2011 10:59:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70259 The Tribunal allowed the appeal in favor of the assessee, finding a merger of orders between the ITO and AAC. The Tribunal held that the capital gains from Malaysia were not taxable in India, rendering the CIT's order unjustified. Therefore, the CIT's decision was set aside, and the ITO's assessment was reinstated. The issue of the applicability of s. 54-B to HUFs remained unresolved due to the Tribunal's ruling on the non-taxability of capital gains from Malaysia in Indian assessments. Case-Laws Income Tax Fri, 15 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70259