Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2005 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2005 (4) TMI 40 - MADRAS HIGH COURTGift Tax Act, 1958 – donation made by assessee to a Trust – levy of gift-tax on the donation made by the assessee - Held that authorities erred in taxing the donation on the ground that there was no renewal of certificate of exemption under section 80G for the donee-trust in the assessment year 1985-86 in which the donation was made – Revenue’s plea that the amount given to the trust should be treated as expenditure in furtherance of the objects of Trust cannot be accepted
|