https://www.taxtmi.com/caselaws?id=177394 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), ruling that Section 45(4) of the Income-tax Act does not apply to the retirement of a partner and that a family arrangement does not constitute a 'transfer' for capital gains taxation. The appeal by the revenue was dismissed, affirming that the family arrangement in this case was genuine and aimed at preserving family harmony, thus not subject to capital gains tax. en-us Fri, 22 Aug 2008 00:00:00 +0530 Fri, 08 Jan 2016 12:54:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177394 The Tribunal upheld the decision of the Commissioner of Income-tax (Appeals), ruling that Section 45(4) of the Income-tax Act does not apply to the retirement of a partner and that a family arrangement does not constitute a 'transfer' for capital gains taxation. The appeal by the revenue was dismissed, affirming that the family arrangement in this case was genuine and aimed at preserving family harmony, thus not subject to capital gains tax. Case-Laws Income Tax Fri, 22 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177394