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Captial gain on family settlement

This query is : Resolved 
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(Querist)
10 June 2014
Namaskar,

Sir, we have need you expert advise on a matter of excess payment of Income Tax.

Sir, under a “Family settlement” we have transfer share from one family member to another family member and on this transaction we have calculate capital gain and paid tax during financial year 2008-2009 and we have assessed under section 143(3) before March 2012.

Sir, now we have came to know that this capital gain under family settlement transfers is not taxable. Hence we seek your esteemed advise in order to get back tax deposited.

Kindly help us.

Thanks & Regards

Vijay Sharma
Phone # 9871653355, 0124-4125795
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Amol S Joglekar

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Amol S Joglekar (Expert)
10 June 2014 write a letter to CBDT requesting to refund the amount, stating the full facts of the case
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VIJAY SHARMA

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VIJAY SHARMA (Querist)
10 June 2014 Thanks Mr. Amol, Sir, please also confirm that our claim against family settlement is correct?

Regards,

Vijay Sharma
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