https://www.taxtmi.com/caselaws?id=18433 The court held that the widow's liability for capital gains due to blending property with a Hindu undivided family was incorrectly determined by the Tribunal. The court emphasized the importance of establishing the true ownership of the property at the time of transfer to assess tax liability accurately. Additionally, the court ruled in favor of the Revenue regarding the validity of blending property into common stock, highlighting the necessity of considering the legal implications of property transfers in tax assessments. The issue of a female member blending personal property into the family was left unresolved, pending further examination by the Tribunal to determine taxability accurately. en-us Mon, 27 Nov 1995 00:00:00 +0530 Wed, 30 Sep 2009 18:29:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18433 The court held that the widow's liability for capital gains due to blending property with a Hindu undivided family was incorrectly determined by the Tribunal. The court emphasized the importance of establishing the true ownership of the property at the time of transfer to assess tax liability accurately. Additionally, the court ruled in favor of the Revenue regarding the validity of blending property into common stock, highlighting the necessity of considering the legal implications of property transfers in tax assessments. The issue of a female member blending personal property into the family was left unresolved, pending further examination by the Tribunal to determine taxability accurately. Case-Laws Income Tax Mon, 27 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18433