1998 (5) TMI 43 - ITAT CHANDIGARH

Extract:
.......ding taxing of gifts in the hands of dealers have to be expunged as the same are not in consonance with the provisions of s. 28(iv), relied upon by her. The order of CIT(A) thus stands modified to that extent. 13. No other ground was pressed before us. 14. In the result, both the appeals of the assessee and the Revenue are partly allowed, as above.