TMI BlogLong term capital gain (LTCG) - relinquishment of right in property in favor of brother in lieu of cash...Long term capital gain (LTCG) - relinquishment of right in property in favor of brother in lieu of cash - arrangement as per the family settlement - Such transaction cannot to be treated as transfer within the meaning of section 2(47) - not liable to income tax - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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