https://www.taxtmi.com/caselaws?id=177076 The Revenue appealed against the order of ld. CIT(Appeals) regarding exemption u/s. 54 of the I.T. Act on property investment in the name of a HUF member. The Tribunal upheld the ld. CIT(Appeals) decision, emphasizing the collective ownership nature of HUF property under Hindu Law, allowing for exemption based on the HUF's property ownership principles. This clarifies the eligibility for exemption u/s. 54 of the I.T. Act concerning property investments made in the name of HUF members. en-us Fri, 29 Oct 2010 00:00:00 +0530 Sat, 02 Jan 2016 12:39:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177076 The Revenue appealed against the order of ld. CIT(Appeals) regarding exemption u/s. 54 of the I.T. Act on property investment in the name of a HUF member. The Tribunal upheld the ld. CIT(Appeals) decision, emphasizing the collective ownership nature of HUF property under Hindu Law, allowing for exemption based on the HUF's property ownership principles. This clarifies the eligibility for exemption u/s. 54 of the I.T. Act concerning property investments made in the name of HUF members. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177076