https://www.taxtmi.com/caselaws?id=371977 The Tribunal remitted the matter to the Assessing Officer for clarification on the nature of the deposit concerning the assessment of capital gain of minors in the hands of the assessee. It concluded that the capital gain arising from the property obtained by the minors should be assessed in the assessee's hands, subject to verification. Additionally, the Tribunal deemed the investment of sale proceeds in the name of both the assessee and her husband as valid under Section 54F, setting aside previous disallowances and directing the grant of exemption to the assessee. en-us Mon, 03 Dec 2018 00:00:00 +0530 Sat, 15 Dec 2018 09:59:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371977 The Tribunal remitted the matter to the Assessing Officer for clarification on the nature of the deposit concerning the assessment of capital gain of minors in the hands of the assessee. It concluded that the capital gain arising from the property obtained by the minors should be assessed in the assessee's hands, subject to verification. Additionally, the Tribunal deemed the investment of sale proceeds in the name of both the assessee and her husband as valid under Section 54F, setting aside previous disallowances and directing the grant of exemption to the assessee. Case-Laws Income Tax Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371977