Taxation on proportionate amount received on sale of family property under application to court for partition.

The assessee has 7 siblings in his family and received property in heritage from his father. The assessee has a 1/7th share in the property. Two family members out of seven have made an application for the partition of such property in the court. The property is sold to another party for consideration and all the family members had received their respective shares in consideration. Now, whether the amount received by family members is taxable or not? Also, if taxable then under which head/place it would be shown in ITR? Also, if not taxable then under which head/place it would…

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