https://www.taxtmi.com/caselaws?id=198909 The Tribunal partly allowed the appeals for statistical purposes, remanding the issue of assessing capital gain in the hands of HUF back to the AO for further examination. The Tribunal upheld the treatment of the land as a capital asset and determined the cost of acquisition as the fair market value as on 01.04.1981. The challenges to the legality of the order passed under sections 144 and 147 and the deduction under section 54F were dismissed as not pressed. en-us Tue, 31 Oct 2017 00:00:00 +0530 Mon, 12 Feb 2018 17:24:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198909 The Tribunal partly allowed the appeals for statistical purposes, remanding the issue of assessing capital gain in the hands of HUF back to the AO for further examination. The Tribunal upheld the treatment of the land as a capital asset and determined the cost of acquisition as the fair market value as on 01.04.1981. The challenges to the legality of the order passed under sections 144 and 147 and the deduction under section 54F were dismissed as not pressed. Case-Laws Income Tax Tue, 31 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198909