https://www.taxtmi.com/caselaws?id=61529 The Tribunal upheld the decision of the CIT(A) that the capital gain from the sale of shares by the assessee's minor son should be assessed in the hands of the assessee, allowing a rebate under Section 54F of the Income-tax Act. The Tribunal emphasized that the minor child should be treated as an 'assessee' for the purpose of Sections 45(1) and 54F, ensuring fair and logical income computation. The revenue's appeal was dismissed. en-us Sun, 16 Nov 2003 00:00:00 +0530 Thu, 13 Jan 2011 11:36:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61529 The Tribunal upheld the decision of the CIT(A) that the capital gain from the sale of shares by the assessee's minor son should be assessed in the hands of the assessee, allowing a rebate under Section 54F of the Income-tax Act. The Tribunal emphasized that the minor child should be treated as an 'assessee' for the purpose of Sections 45(1) and 54F, ensuring fair and logical income computation. The revenue's appeal was dismissed. Case-Laws Income Tax Sun, 16 Nov 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61529