https://www.taxtmi.com/caselaws?id=425585 The ITAT concluded that the transfer of shares under a family arrangement endorsed by the CLB was not taxable as LTCG. The AO was directed to allow the claim, despite the initial tax payment by the assessee. The ITAT emphasized the power of appellate authorities to direct AO on legal claims. The appeal was allowed, citing relevant legal precedents supporting non-taxability of transfers under family arrangements. en-us Wed, 13 Jul 2022 00:00:00 +0530 Wed, 27 Jul 2022 08:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425585 The ITAT concluded that the transfer of shares under a family arrangement endorsed by the CLB was not taxable as LTCG. The AO was directed to allow the claim, despite the initial tax payment by the assessee. The ITAT emphasized the power of appellate authorities to direct AO on legal claims. The appeal was allowed, citing relevant legal precedents supporting non-taxability of transfers under family arrangements. Case-Laws Income Tax Wed, 13 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425585