Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2002 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2002 (8) TMI 96 - HC - Income TaxGift Tax Act, 1958 - "1. Whether, on the facts and in the circumstances of the case, a firm is liable to be assessed as a taxable entity under the Gift-tax Act, 1958? - 2. Whether, on the facts and in the circumstances of the case, there was a gift made under the provisions of the Gift-tax Act? - 3. If the answer to the second question is in the affirmative, whether it is exempt under section 5(1)(xiv) of the Gift-tax Act?" - The first question referred is, answered in favour of the Revenue and against the assessee. - We, answer the last question also in favour of the Revenue and against the assessee.
|