Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (1) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (1) TMI 153 - PUNJAB AND HARYANA HIGH COURTGift-tax – Whether Tribunal was right in holding that in valuing the unquoted shares for the purposes of working out the value of the deemed gift on March 20, 1979, and March 31, 1979, reference should be made to the balance-sheet of the said company as on March 31, 1978 - Revenue, has made an attempt to attack the order of the Tribunal by asserting that the Gift-tax Officer had rightly assessed the gift-tax by applying the break up method – finding of tribunal is justified - in terms of the view taken by the Division Bench in Shakuntala Devi’s case reference is answered in favour of the assessee
|