https://www.taxtmi.com/highlights?id=54979 Long term capital gain - re-alignment of shareholding pursuant to family settlement arrangement - The assessee did not receive any share from the family of her husband. The facts also clearly established that there is no equitable partition or distribution of family shares/ assets. The chart reproduced above shows that it was merely sale transaction of shares which could not be considered as Family Settlement - it would be transfer of capital asset, liable to tax - AT en-us Thu, 01 Oct 2020 15:47:10 +0530 Thu, 01 Oct 2020 15:47:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54979 Long term capital gain - re-alignment of shareholding pursuant to family settlement arrangement - The assessee did not receive any share from the family of her husband. The facts also clearly established that there is no equitable partition or distribution of family shares/ assets. The chart reproduced above shows that it was merely sale transaction of shares which could not be considered as Family Settlement - it would be transfer of capital asset, liable to tax - AT Highlights Income Tax Thu, 01 Oct 2020 15:47:10 +0530 https://www.taxtmi.com/highlights?id=54979