Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1972 (9) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1972 (9) TMI 23 - MADRAS HIGH COURTGift Tax - petitioners' father purported to execute a settlement deed dated April 25, 1963, in their favour. Several items of properties in two different villages were given to the petitioners. This settlement was treated by the Gift-tax Officer as a gift coming within the purview of the Gift-tax Act and an order of assessment was passed after giving notice to the petitioners' father as donor - Whether settlement of ancestral property by father in favour of sons is valid and whether karta of HUF has powers to make settlements
|