1999 (4) TMI 460 - AT - Income Tax

Summary

The appellant filed an appeal against the CIT(A)'s order for the assessment year 1987-88. The dispute was regarding the assessment of capital gains from jointly owned land in the status of individual or HUF. The ITAT Ahmedabad held the assessment in the status of HUF without proper notice as invalid, citing relevant court decisions. The impugned assessment was canceled, and the appeal of the assessee was allowed.