Same Income cannot be taxed both in the hand of Individual & HUF based on AIR Information

ITAT MUMBAI BENCH ‘SMC’ Jyotindra Natwarlal Naik versus Income-tax Officer, WD-11(2)(4), Mumbai IT Appeal NO. 4763 (MUM.) OF 2012 [ASSESSMENT YEAR 2008-09] Date of Pronouncement – 02.01.2013 ORDER 1. This is an appeal by the assessee against the order dated 30-5-2012 of leaned CIT(A)-3, Mumbai relating to the assessment year 2008-09. 2. The assessee is objecting in confirming the assessment of capital gain of the assessee’s HUF in his individual capacity and also assessing the interest income belonging to HUF in the individual capacity of the assessee....