Indexation benefit for capital gain tax

This discussion explores whether a Hindu Undivided Family (HUF) can claim the benefit of indexation on capital gains tax when shares are transferred to it and then immediately sold. While there are favourable case laws supporting the HUF's right to indexation, some rulings have gone against the assessee. This means while relief is possible, especially at the ITAT level, there's a risk of disallowance at the initial assessment stages.