Capital Gain from Property Sale Taxable to Individual Co-Owners, Not Hindu Undivided Family (HUF) or Karta.

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Full Text of the Document

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....Income of the HUF or individual assessee - Capital gain assessment - obvious from the sale deed that the property in question was undisputedly transferred by four co-owners and not by any HUF or its Karta - capital gain, whatsoever, earned of his share, shall be taxable in the hands of the assessee....