TMI BlogLong term capital gain - re-alignment of shareholding pursuant to family settlement arrangement - The...Long term capital gain - re-alignment of shareholding pursuant to family settlement arrangement - The assessee did not receive any share from the family of her husband. The facts also clearly established that there is no equitable partition or distribution of family shares/ assets. The chart reproduced above shows that it was merely sale transaction of shares which could not be considered as Family Settlement - it would be transfer of capital asset, liable to tax - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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