https://www.taxtmi.com/highlights?id=55964 Capital gain on Transfer of share - family settlement - In the present case what have been transferred are stock in trade and not a capital asset. Further, in the present case there is a provision in the articles of association of making the gift thus, it meets the provisions of the companies act also. - Gift made by a corporate entity, appellant to 4 different corporate entities, in absence of any consideration, no business income can be charged to tax in the hands of Donor appellant. - AT en-us Sat, 19 Dec 2020 07:59:57 +0530 Sat, 19 Dec 2020 07:59:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55964 Capital gain on Transfer of share - family settlement - In the present case what have been transferred are stock in trade and not a capital asset. Further, in the present case there is a provision in the articles of association of making the gift thus, it meets the provisions of the companies act also. - Gift made by a corporate entity, appellant to 4 different corporate entities, in absence of any consideration, no business income can be charged to tax in the hands of Donor appellant. - AT Highlights Income Tax Sat, 19 Dec 2020 07:59:57 +0530 https://www.taxtmi.com/highlights?id=55964