BANDA MALLESH (HUF), R.R.DIST,HYDERGUDA VILLAGE vs. ACIT, CIRCLE-8(1),, HYDERABAD

In the result, all the appeals of the assessees are partly allowed

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmans.No.

capital gain to tax in their individual returns and claimed eligible exemptions u/s 54F and 54B. He also submitted that pursuant to the agreement of sale-cum-GPA, sale consideration has been paid directly to each of the individual owners separately and, therefore, it is established that each of the owner is the absolute owner of the property and there

DAPPU ASHOK (HUF),,HYDERABAD vs. ASST.CIT, CIRCLE -8(1), HYDERABAD

In the result, all the appeals of the assessees are partly allowed