https://www.taxtmi.com/caselaws?id=295665 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee regarding the assessment of capital gains in the hands of the respective HUFs involved in the transaction. The Tribunal held that the sale proceeds of the property cannot be assessed in the hands of late A.R.Pandurangan HUF, restoring the Assessing Officer's assessment order and rejecting the Commissioner's decision to deny the exemption under section 54F. en-us Fri, 27 Nov 2015 00:00:00 +0530 Tue, 15 Jun 2021 07:47:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=295665 The Tribunal allowed the appeal of the assessee, ruling in favor of the assessee regarding the assessment of capital gains in the hands of the respective HUFs involved in the transaction. The Tribunal held that the sale proceeds of the property cannot be assessed in the hands of late A.R.Pandurangan HUF, restoring the Assessing Officer's assessment order and rejecting the Commissioner's decision to deny the exemption under section 54F. Case-Laws Income Tax Fri, 27 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=295665