Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2002 (11) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (11) TMI 20 - HC - Income TaxGift tax - "Whether, on the facts and in the circumstances of the case, the Tribunal is correct in law and fact in holding that the surrender of share of 30 per cent. in the firm by the assessee is liable to gift-tax?" - Tribunal has entered the aforesaid finding keeping in mind the legal principles laid down by the Supreme Court - According to us, the finding thus entered by the Tribunal is essentially a finding of fact - we answer the question in the affirmative, that is, in favour of the Revenue and against the assessee.
|