Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2002 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (2) TMI 29 - BOMBAY HIGH COURTGift Tax Act, 1958 - The present petition is directed against the notice received by the petitioner purported to be issued under section 16(1) of the Gift-tax Act, alleging therein that the first respondent had reason to believe that the gifts made by the petitioner-company in the assessment year 1976-77 had escaped assessment within the meaning of section 16 of the Act. By the said notice, the first respondent called upon the petitioner-company to file its return under the said Act. - In the instant case, no material is placed before us to justify the impugned action. Faced with the aforesaid situation, we are left with no option but to quash and set aside the impugned notice.
|