https://www.taxtmi.com/caselaws?id=408040 The Tribunal allowed the appeal in part, setting aside the assessment order as the property was deemed HUF property inherited before 1956. This led to the capital gain being assessed in the hands of the HUF, not the individual. As a result, other issues regarding the nature of capital gains, valuation for calculation, reference to Valuation Officer, and retroactive application of provisions were not further adjudicated. The appeal was treated as partly allowed based on this determination. en-us Fri, 28 May 2021 00:00:00 +0530 Sat, 29 May 2021 17:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408040 The Tribunal allowed the appeal in part, setting aside the assessment order as the property was deemed HUF property inherited before 1956. This led to the capital gain being assessed in the hands of the HUF, not the individual. As a result, other issues regarding the nature of capital gains, valuation for calculation, reference to Valuation Officer, and retroactive application of provisions were not further adjudicated. The appeal was treated as partly allowed based on this determination. Case-Laws Income Tax Fri, 28 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408040