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2005 (8) TMI 52 - BOMBAY HIGH COURTGift Tax Act, 1958 - Revenue is challenging the judgment and order passed by Tribunal which has confirmed the order passed by the Deputy Commissioner of Income-tax (Appeals) and has held that respondent No. 1 was not liable to pay gift-tax and her case was exempted u/s 5(1)(ii). - Whether the gifts made in Kashmir by the assessee a nonresident of India, out of the money transferred from other part of the country, is exempted from tax under the Gift-tax Act, 1958?" - Both the lower authorities in our view, have not committed any error in coming to the conclusion that both the transactions were exempted under the provisions of the Gift-tax Act.
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