https://www.taxtmi.com/caselaws?id=268829 The Tribunal set aside the Assessing Officer's denial of deductions claimed under sections 54B and 54F of the Income-tax Act for the appellant, emphasizing the need to assess capital gains in conjunction with other joint owners of the larger HUF. The Tribunal directed a fresh assessment considering the ancestral nature of the properties and the involvement of another individual in the transactions. The Tribunal stressed the importance of considering inheritance and partition in determining the date of acquisition for capital gains computation and allowed the appellant's appeal for reconsideration by the Assessing Officer. en-us Fri, 09 Oct 2015 00:00:00 +0530 Wed, 02 Dec 2015 22:20:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268829 The Tribunal set aside the Assessing Officer's denial of deductions claimed under sections 54B and 54F of the Income-tax Act for the appellant, emphasizing the need to assess capital gains in conjunction with other joint owners of the larger HUF. The Tribunal directed a fresh assessment considering the ancestral nature of the properties and the involvement of another individual in the transactions. The Tribunal stressed the importance of considering inheritance and partition in determining the date of acquisition for capital gains computation and allowed the appellant's appeal for reconsideration by the Assessing Officer. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268829