Capital Gains on the Sale of Immovable property acquired under a family settlement agreement

Capital Gains on the Sale of Immovable property acquired under a family settlement agreement.

The querry is elaborated below:-

The property was originally purchased in the year 1992.
Under a family settlement agreement The Assessee aquires an immovable property in Ay 2019-2020.
The same acquired immovable property under a family settement agreement is sold on 30-01-2021 i.,e. Ay 2021-2022.
My Question is:-
Assets acquired under family settlement agreement is*xempt under which section of the income tax act.
At the time of sale of the property whether the benfit of indextaion will be available to the assessee from the year of purchase or not.