https://www.taxtmi.com/caselaws?id=60974 The Appellate Tribunal ITAT Chandigarh confirmed the HUF status of the assessee, a member of the erstwhile ruling family of Patiala, based on evidence of a valid marriage ceremony according to Sikh customs. Additionally, the Tribunal upheld that the asset acquired for nothing through a 'sanad' was not subject to capital gains tax, relying on legal precedents stating that assets obtained without an ascertainable cost do not attract such tax. The Tribunal dismissed the appeals, emphasizing the importance of factual evidence and legal principles in reaching its decision. en-us Mon, 30 Jun 1986 00:00:00 +0530 Mon, 10 Jan 2011 12:13:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60974 The Appellate Tribunal ITAT Chandigarh confirmed the HUF status of the assessee, a member of the erstwhile ruling family of Patiala, based on evidence of a valid marriage ceremony according to Sikh customs. Additionally, the Tribunal upheld that the asset acquired for nothing through a 'sanad' was not subject to capital gains tax, relying on legal precedents stating that assets obtained without an ascertainable cost do not attract such tax. The Tribunal dismissed the appeals, emphasizing the importance of factual evidence and legal principles in reaching its decision. Case-Laws Income Tax Mon, 30 Jun 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60974