1985 (5) TMI 103

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... the shops was assessable in the hands of the assessee or to the HUF of Onkar Nath Kishan Chand separately. The ITO was of the view that the capital gain amounting of Rs. 26,260 was assessable in the hands of the assessee. 3. The ld. AAC after considering the contention of the assessee and the evidence on record held that the said property did not belong to the assessee but it belonged to the sm .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ding to him the finding of the AAC is fully supported by the material on record. 6. We have heard the parties, the perused entire material on record. The ld. AAC has discussed the issue in detail. He after going through the overwhelming materials produced by the assessee has come to a finding of fact that the said property in question does not belong to the assessee. It belongs to the smaller HU .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X