Dismissing the appeal of the assessee the Court held that , a family settlement which is a settlement amongst family members in the context of their ‘preexisting right’ is not a “transfer”. Such a settlement only defines a preexisting joint interest as a separate interest. However, if there is no preexisting right, the family arrangement constitutes a “transfer”. Merely because dispute involved some family members and such dispute is ultimately settled by filing consent terms, the same cannot be styled as a family arrangement or family settlement so as to hold that the consideration received as a result of such settlement, does not constitute capital gain . Referred  Maturi Pullaiah  v. Maturi Narasinham, AIR 1966 SC 1836. Court also up held the reassessment proceedings . (ITA Nos , 3,4, 9 &10of 2012 dt 8 -11-2019) (AY. 1999-2000)