21 January 2015
you can go through section 45 of the Income Tax Act, 1961 for the chargeability of capital gain. If you are looking for a specific mention of "share of firm/llp", you wont find the same in ACt. For that refer Singhania's book on Income Tax.
22 January 2015
Kamlesh, it seems that you are NOT convinced that LLP can NOT issue shares.... Can you please elaborate your query as to LLP share? May be, you are confusing LLP with OPC.....
Limited Liability Partnership versus One Person Company