https://www.taxtmi.com/caselaws?id=177029 The Tribunal held that the revenue authorities were not justified in taxing the long-term capital gain amount in question. The Tribunal found that the transaction was part of a family arrangement and not a direct sale, therefore not constituting a transfer attracting capital gains tax. As a result, the appeal by the assessee was allowed, and the sum of capital gain was deemed not chargeable to tax. en-us Thu, 08 Aug 2013 00:00:00 +0530 Fri, 01 Jan 2016 17:38:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177029 The Tribunal held that the revenue authorities were not justified in taxing the long-term capital gain amount in question. The Tribunal found that the transaction was part of a family arrangement and not a direct sale, therefore not constituting a transfer attracting capital gains tax. As a result, the appeal by the assessee was allowed, and the sum of capital gain was deemed not chargeable to tax. Case-Laws Income Tax Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177029