https://www.taxtmi.com/caselaws?id=340176 The appeal was partly allowed. The direction to assess income in the hands of the HUF was set aside due to lack of opportunity for the affected party to be heard, violating natural justice principles. The CIT(A)'s direction was deemed invalid as it was issued after the time limits for initiating proceedings had lapsed. The grounds regarding the correctness of capital gains assessment were not adjudicated as the assessment in the individual's hands had become final. en-us Fri, 10 Mar 2017 00:00:00 +0530 Fri, 17 Mar 2017 01:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340176 The appeal was partly allowed. The direction to assess income in the hands of the HUF was set aside due to lack of opportunity for the affected party to be heard, violating natural justice principles. The CIT(A)'s direction was deemed invalid as it was issued after the time limits for initiating proceedings had lapsed. The grounds regarding the correctness of capital gains assessment were not adjudicated as the assessment in the individual's hands had become final. Case-Laws Income Tax Fri, 10 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340176