https://www.taxtmi.com/caselaws?id=15887 The court held that the sole surviving coparcener, despite being assessed as a Hindu undivided family (HUF), has the powers of an individual to alienate the property. Therefore, the court interpreted the term "assessee" in section 54 of the Income-tax Act, 1961, to include a sole surviving coparcener. Consequently, the court ruled in favor of the assessee, affirming their entitlement to exemption under section 54 for the capital gains arising from the sale of the residential property. The decision was against the Revenue, with no order as to costs. en-us Wed, 26 Nov 1997 00:00:00 +0530 Sat, 29 Aug 2009 16:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15887 The court held that the sole surviving coparcener, despite being assessed as a Hindu undivided family (HUF), has the powers of an individual to alienate the property. Therefore, the court interpreted the term "assessee" in section 54 of the Income-tax Act, 1961, to include a sole surviving coparcener. Consequently, the court ruled in favor of the assessee, affirming their entitlement to exemption under section 54 for the capital gains arising from the sale of the residential property. The decision was against the Revenue, with no order as to costs. Case-Laws Income Tax Wed, 26 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15887