https://www.taxtmi.com/caselaws?id=69042 A bona fide family arrangement made to resolve long-standing intra-family disputes and preserve peace was treated as a settlement of disputed rights, not as a transfer of title. The reallocation of interests in family properties and shares, even if reflected through documents described as a gift settlement for stamp purposes, did not alter the legal character of the transaction. On the facts, the arrangement was consistent with settled law on family settlements and therefore did not give rise to chargeable capital gains. en-us Fri, 14 Dec 1990 00:00:00 +0530 Fri, 20 Jan 2012 14:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69042 A bona fide family arrangement made to resolve long-standing intra-family disputes and preserve peace was treated as a settlement of disputed rights, not as a transfer of title. The reallocation of interests in family properties and shares, even if reflected through documents described as a gift settlement for stamp purposes, did not alter the legal character of the transaction. On the facts, the arrangement was consistent with settled law on family settlements and therefore did not give rise to chargeable capital gains. Case-Laws Income Tax Fri, 14 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69042