https://www.taxtmi.com/caselaws?id=356878 The tribunal dismissed the appeals for the Assessment Year 2009-10, determining that the property was solely owned by Shri Raghuram P Nambyar, making the entire Long Term Capital Gains (LTCG) from its sale taxable in his hands. The reopening of the assessment was deemed valid, as there was tangible material to support the belief that income had escaped assessment. Exemptions claimed by Smt. Veena Nambyar were denied due to lack of legal ownership evidence, and the charging of interest under Sections 234B and 234C was upheld. en-us Fri, 02 Mar 2018 00:00:00 +0530 Wed, 14 Mar 2018 06:52:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356878 The tribunal dismissed the appeals for the Assessment Year 2009-10, determining that the property was solely owned by Shri Raghuram P Nambyar, making the entire Long Term Capital Gains (LTCG) from its sale taxable in his hands. The reopening of the assessment was deemed valid, as there was tangible material to support the belief that income had escaped assessment. Exemptions claimed by Smt. Veena Nambyar were denied due to lack of legal ownership evidence, and the charging of interest under Sections 234B and 234C was upheld. Case-Laws Income Tax Fri, 02 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356878