https://www.taxtmi.com/caselaws?id=121995 The Tribunal upheld the assessment in the status of a Hindu Undivided Family (HUF) and validated the notice under section 148. However, it determined that the capital gains should be charged in the assessment year 1995-96, not 1998-99, as the transfer occurred when the joint development agreement was executed in 1995-96. The appeal by the assessee was partly allowed, specifically regarding the assessment year for capital gains. en-us Fri, 07 Dec 2007 00:00:00 +0530 Thu, 25 Jan 2024 14:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=121995 The Tribunal upheld the assessment in the status of a Hindu Undivided Family (HUF) and validated the notice under section 148. However, it determined that the capital gains should be charged in the assessment year 1995-96, not 1998-99, as the transfer occurred when the joint development agreement was executed in 1995-96. The appeal by the assessee was partly allowed, specifically regarding the assessment year for capital gains. Case-Laws Income Tax Fri, 07 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=121995