https://www.taxtmi.com/caselaws?id=3709 The court ruled that a transfer of shares as part of a family arrangement to prevent family disputes does not attract Capital Gains Tax. The Tribunal found the realignment of shareholdings was necessary for effective company control and family harmony, aligning with established legal principles on family arrangements. The decision emphasized fairness, voluntariness, and the family's best interests, dismissing appeals and confirming no capital gains tax liability. en-us Fri, 06 Jul 2007 00:00:00 +0530 Sun, 27 Jul 2008 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3709 The court ruled that a transfer of shares as part of a family arrangement to prevent family disputes does not attract Capital Gains Tax. The Tribunal found the realignment of shareholdings was necessary for effective company control and family harmony, aligning with established legal principles on family arrangements. The decision emphasized fairness, voluntariness, and the family's best interests, dismissing appeals and confirming no capital gains tax liability. Case-Laws Income Tax Fri, 06 Jul 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3709