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Relinquishing property share to sisters is a transfer u/s 2(47), triggering capital gains tax per Section 45.

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....Relinquishment of the share of assessee in the property comprising of land in favour of sisters who is co-owner - whether was a transfer within the meaning of section 2(47) and capital gain accruing on such transfer was exigible to capital gains tax u/s. 45? - Held Yes - AT....

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