https://www.taxtmi.com/caselaws?id=70969 The Income Tax Appellate Tribunal (ITAT) allowed the appeal, ruling that the property in question belonged to the Hindu Undivided Family (HUF) and not the individual assessee. The ITAT found that the revenue authorities erred in taxing the income from the property in the hands of the individual, emphasizing the importance of considering all evidence and legal presumptions in such cases. The assessed sum was deleted from the total income, highlighting the significance of thoroughly examining facts and explanations provided by the assessee for a fair income assessment. en-us Tue, 12 Feb 1985 00:00:00 +0530 Wed, 20 Apr 2011 14:30:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70969 The Income Tax Appellate Tribunal (ITAT) allowed the appeal, ruling that the property in question belonged to the Hindu Undivided Family (HUF) and not the individual assessee. The ITAT found that the revenue authorities erred in taxing the income from the property in the hands of the individual, emphasizing the importance of considering all evidence and legal presumptions in such cases. The assessed sum was deleted from the total income, highlighting the significance of thoroughly examining facts and explanations provided by the assessee for a fair income assessment. Case-Laws Income Tax Tue, 12 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70969