https://www.taxtmi.com/caselaws?id=179596 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal regarding the Long Term Capital Gain addition and the treatment of the gift as invalid. The appellant's argument of a family arrangement where he gave up his share to his brother, who declared and paid tax on the entire capital gain, was accepted, leading to the rejection of tax evasion allegations and misuse of the family arrangement. The Tribunal confirmed the validity of the family arrangement and the lack of necessity for registration in such cases. en-us Wed, 28 Sep 2011 00:00:00 +0530 Sat, 05 Mar 2016 10:29:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179596 The Tribunal upheld the CIT(A)'s decision, dismissing the revenue's appeal regarding the Long Term Capital Gain addition and the treatment of the gift as invalid. The appellant's argument of a family arrangement where he gave up his share to his brother, who declared and paid tax on the entire capital gain, was accepted, leading to the rejection of tax evasion allegations and misuse of the family arrangement. The Tribunal confirmed the validity of the family arrangement and the lack of necessity for registration in such cases. Case-Laws Income Tax Wed, 28 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179596