https://www.taxtmi.com/caselaws?id=358141 The Tribunal affirmed that assessments for capital gains arising from the sale of a property should be made on the partnership firm, not on the individual partners. The notices issued under section 148 were deemed void, and the jurisdiction for assessment was clarified under section 189 of the Income Tax Act. The decision of the First Appellate Authority was upheld, and both the revenue's appeals and the cross objection of the assessee were dismissed. en-us Wed, 28 Mar 2018 00:00:00 +0530 Fri, 06 Apr 2018 07:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358141 The Tribunal affirmed that assessments for capital gains arising from the sale of a property should be made on the partnership firm, not on the individual partners. The notices issued under section 148 were deemed void, and the jurisdiction for assessment was clarified under section 189 of the Income Tax Act. The decision of the First Appellate Authority was upheld, and both the revenue's appeals and the cross objection of the assessee were dismissed. Case-Laws Income Tax Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358141