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Individual cannot be taxed for Property sold by HUF
Case Law Details
- Case Name
- Janak Kanakbhai Trivedi Vs Income Tax Officer (Gujarat High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Gujarat High Court
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Janak Kanakbhai Trivedi Vs ITO (Gujarat High Court)
It is the case of the appellant that the impugned ancestral property was actually acquired by the HUF of the appellant and that actually by mistake the appellant has given his individual PAN number at the time of execution of the sale deed. It has been argued that the property has been inherited by the appellant however under the Hindu Law the same is an HUF property. The arguments of the appellant have been examined and found to be totally untenable. The argument of the appellant that under the Hindu Law ancestral property ...
