1985 (5) TMI 103

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....fore the ITO was whether the capital gain as a result of sale of Ihata and the shops was assessable in the hands of the assessee or to the HUF of Onkar Nath Kishan Chand separately. The ITO was of the view that the capital gain amounting of Rs. 26,260 was assessable in the hands of the assessee. 3. The ld. AAC after considering the contention of the assessee and the evidence on record held that....

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....he assessee personally appeared. He supported the order of the ld. AAC. According to him the finding of the AAC is fully supported by the material on record. 6. We have heard the parties, the perused entire material on record. The ld. AAC has discussed the issue in detail. He after going through the overwhelming materials produced by the assessee has come to a finding of fact that the said prop....