The Income Tax Appellate Tribunal (ITAT), Chennai bench has held that an individual coparcener who is shown as owner in the sale deed cannot be taxed for Property belong to the Hindu Undivided Family ( HUF ). Assessees is one of the coparceners of a HUF. Out of the income of the family, the father […]
The post Coparcener can’t be Taxed for Capital Gain from Property purchased in his Name out of Income of HUF: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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