https://www.taxtmi.com/caselaws?id=408512 The court ruled in favor of the petitioner, finding the notice dated 31.03.2015 to be time-barred and invalid. It held that Section 171 of the Income Tax Act did not apply as the family was never assessed as a HUF. The court recognized the oral partition and upheld the exemption under Section 54F for the sale of agricultural land. Consequently, the writ petition was allowed, and the impugned notice and communication were quashed, with no costs awarded. en-us Wed, 02 Jun 2021 00:00:00 +0530 Tue, 11 Feb 2025 13:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408512 The court ruled in favor of the petitioner, finding the notice dated 31.03.2015 to be time-barred and invalid. It held that Section 171 of the Income Tax Act did not apply as the family was never assessed as a HUF. The court recognized the oral partition and upheld the exemption under Section 54F for the sale of agricultural land. Consequently, the writ petition was allowed, and the impugned notice and communication were quashed, with no costs awarded. Case-Laws Income Tax Wed, 02 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408512