https://www.taxtmi.com/news?id=386 A reallocation of shares among family-member partners, involving exchange of new shares and cash, was assessed by the AO as a transfer attracting capital gains tax; the Tribunal concluded that a bona fide family arrangement effecting such share reallocation does not constitute a transfer exigible to capital gains tax and sustained that position against the AO's assessment. en-us Sun, 27 Apr 2008 22:41:00 +0530 Mon, 23 Jun 2008 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=386 A reallocation of shares among family-member partners, involving exchange of new shares and cash, was assessed by the AO as a transfer attracting capital gains tax; the Tribunal concluded that a bona fide family arrangement effecting such share reallocation does not constitute a transfer exigible to capital gains tax and sustained that position against the AO's assessment. News - Sun, 27 Apr 2008 22:41:00 +0530 https://www.taxtmi.com/news?id=386