https://www.taxtmi.com/caselaws?id=374720 The Tribunal allowed the appeal, ruling that the capital gain tax should be assessed at the level of the Hindu Undivided Family to which the property belonged, rather than on the individual coparceners. The judgment emphasized the distinction between ownership under common law and tax law, ultimately overturning the previous tax assessments and deleting the capital gain tax assessment on the assessee. en-us Tue, 22 Jan 2019 00:00:00 +0530 Thu, 07 Feb 2019 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374720 The Tribunal allowed the appeal, ruling that the capital gain tax should be assessed at the level of the Hindu Undivided Family to which the property belonged, rather than on the individual coparceners. The judgment emphasized the distinction between ownership under common law and tax law, ultimately overturning the previous tax assessments and deleting the capital gain tax assessment on the assessee. Case-Laws Income Tax Tue, 22 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374720