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2004 (9) TMI 86 - ALLAHABAD HIGH COURTGift Tax Act, 1958 - "1. Whether, Gift-tax Officer was legally correct in initiating proceedings under section 16(1) of the Gift-tax Act, 1958, against the deceased assessee, Nabi Shah, for the assessment year 1976-77 on the basis of the report of the internal audit party? - As in the present case, the report of the internal audit party on a question of law was the basis, the same did not constitute information so as to clothe the Gift-tax Officer with any jurisdiction to initiate proceedings under section 16(1) of the Act – Thus, we answer the question referred to us in the negative, i.e., in favour of the assessee and against the Revenue.
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