https://www.taxtmi.com/caselaws?id=409778 The court upheld the decision of the CIT(A) to delete the addition of Long Term Capital Gain in the case of Moolchand HUF. The Revenue's appeal was dismissed as the Tribunal found that there was no evidence of ownership in Moolchand HUF and accepted the income assessment in the hands of the five individuals. The Tribunal ruled in favor of the Respondents, emphasizing the lack of proof of ownership in Moolchand HUF and supporting the decision to delete the capital gain addition. en-us Fri, 09 Jul 2021 00:00:00 +0530 Thu, 15 Jul 2021 10:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409778 The court upheld the decision of the CIT(A) to delete the addition of Long Term Capital Gain in the case of Moolchand HUF. The Revenue's appeal was dismissed as the Tribunal found that there was no evidence of ownership in Moolchand HUF and accepted the income assessment in the hands of the five individuals. The Tribunal ruled in favor of the Respondents, emphasizing the lack of proof of ownership in Moolchand HUF and supporting the decision to delete the capital gain addition. Case-Laws Income Tax Fri, 09 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409778