https://www.taxtmi.com/caselaws?id=6013 A property transfer made to four brothers in separate defined shares was considered for acquisition proceedings under section 269F of the Income-tax Act, 1961. On the facts, the purchasers were found not to constitute an association of persons, because the sale deed reflected individual acquisitions of defined plots or shares rather than a collective purchase by a single taxable unit. The transaction therefore could not be characterised as a sale in favour of an association of persons, and acquisition proceedings on that basis were not sustainable. en-us Wed, 30 Apr 1997 00:00:00 +0530 Thu, 30 Aug 2018 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6013 A property transfer made to four brothers in separate defined shares was considered for acquisition proceedings under section 269F of the Income-tax Act, 1961. On the facts, the purchasers were found not to constitute an association of persons, because the sale deed reflected individual acquisitions of defined plots or shares rather than a collective purchase by a single taxable unit. The transaction therefore could not be characterised as a sale in favour of an association of persons, and acquisition proceedings on that basis were not sustainable. Case-Laws Income Tax Wed, 30 Apr 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6013