https://www.taxtmi.com/caselaws?id=25051 A new plea that would change the basis of assessment could not be introduced for the first time in reference proceedings when the assessee had consistently proceeded on the footing of a Hindu undivided family. The Court held that such a fundamental shift in status and ownership could not be raised at that stage. On section 54, the relief was confined to an individual assessees using the house as a self-occupied residence and meeting the statutory reinvestment conditions; it was not available on the assessee's pleaded HUF status. The reference was answered in favour of the Revenue, and the claimed capital gains exemption was denied. en-us Thu, 12 Nov 1987 00:00:00 +0530 Mon, 25 Jan 2010 11:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25051 A new plea that would change the basis of assessment could not be introduced for the first time in reference proceedings when the assessee had consistently proceeded on the footing of a Hindu undivided family. The Court held that such a fundamental shift in status and ownership could not be raised at that stage. On section 54, the relief was confined to an individual assessees using the house as a self-occupied residence and meeting the statutory reinvestment conditions; it was not available on the assessee's pleaded HUF status. The reference was answered in favour of the Revenue, and the claimed capital gains exemption was denied. Case-Laws Income Tax Thu, 12 Nov 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25051