https://www.taxtmi.com/caselaws?id=365897 The court upheld the tax assessment on the appellant for long-term capital gains from the sale of immovable property, ruling that the property belonged to the appellant individually, not the HUF, based on various factors including the sale deed, PAN number used, and bank transactions. The court found that the appellant's actions indicated an intention to treat the property as individual, leading to the dismissal of the appeal and affirmation of the tax assessment on the appellant for the capital gain. en-us Mon, 16 Jul 2018 00:00:00 +0530 Sat, 25 Aug 2018 09:28:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365897 The court upheld the tax assessment on the appellant for long-term capital gains from the sale of immovable property, ruling that the property belonged to the appellant individually, not the HUF, based on various factors including the sale deed, PAN number used, and bank transactions. The court found that the appellant's actions indicated an intention to treat the property as individual, leading to the dismissal of the appeal and affirmation of the tax assessment on the appellant for the capital gain. Case-Laws Income Tax Mon, 16 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365897