Introduction: Seeding and nurturing a business with one’s entrepreneurial acumen, skills, hard work, perseverance and capital to grow it into a big fruit-bearing tree with branches spread-out, is the hallmark of a successful businessman. But equally important is ensuring that the said tree (business) continues to grow and bear fruits for the future generations to come, without there being any feuds and disputes among the different branches. A ‘Family Arrangement’ is an important and quintessential instrument, which if effectively executed, can turn out to be a gamechanger in avoiding family feuds and also in saving substantial taxes.

Meaning of Family Arrangement:

The hon’ble Supreme Court in the decision of <.