<h1>Tribunal Rules Family Share Exchange Not Taxable Under Capital Gains, Aligns with Legal Precedent on Family Arrangements.</h1> A transfer of shares occurred within a family-run firm, involving an exchange of old shares for new ones and some cash. The assessees claimed this was part of a family arrangement to prevent litigation. However, the Assessing Officer deemed it a taxable transfer under Capital Gains Tax. Ultimately, the Tribunal ruled that the family arrangement did not constitute a transfer subject to Capital Gains Tax, aligning with established legal principles.