Capital gain arising from sale of property not taxable in hands of HUF if it was sold in individual capacity : HC

IT: Where assessee did not disclose capital gain arising from sale of a property in his return of income on ground that said property belonged to HUF, in view of fact that assessee had executed sale deed of property in his individual capacity and, moreover, sale consideration had not been deposited in bank account of HUF, assessee's plea was to be rejected and amount in question was to be added to his taxable income

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