https://www.taxtmi.com/caselaws?id=213239 The Tribunal held that the sale proceeds from shares held in private limited companies were not subject to capital gains tax due to a family arrangement among family members, which did not constitute a transfer. The Court affirmed this decision, stating that family arrangements do not attract capital gains tax liability as they involve adjustments of shares and property rights, not transfers. The Court dismissed the Revenue's appeal, upholding the Tribunal's ruling in favor of the assessee. en-us Mon, 19 Mar 2012 00:00:00 +0530 Wed, 15 May 2013 14:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213239 The Tribunal held that the sale proceeds from shares held in private limited companies were not subject to capital gains tax due to a family arrangement among family members, which did not constitute a transfer. The Court affirmed this decision, stating that family arrangements do not attract capital gains tax liability as they involve adjustments of shares and property rights, not transfers. The Court dismissed the Revenue's appeal, upholding the Tribunal's ruling in favor of the assessee. Case-Laws Income Tax Mon, 19 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213239