https://www.taxtmi.com/caselaws?id=263104 The Tribunal dismissed the assessee's appeal, affirming the tax liability on the capital gain arising from the relinquishment of her share in the property. The decision emphasized the distinction between family settlements and direct transfers, highlighting the tax implications under the Income Tax Act. The judgment upheld the revenue authorities' position, stating that the transfer of the share to co-owners constituted a taxable transfer, regardless of the transferee's nature. en-us Fri, 13 Feb 2015 00:00:00 +0530 Thu, 27 Aug 2015 08:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263104 The Tribunal dismissed the assessee's appeal, affirming the tax liability on the capital gain arising from the relinquishment of her share in the property. The decision emphasized the distinction between family settlements and direct transfers, highlighting the tax implications under the Income Tax Act. The judgment upheld the revenue authorities' position, stating that the transfer of the share to co-owners constituted a taxable transfer, regardless of the transferee's nature. Case-Laws Income Tax Fri, 13 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263104