Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1981 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (8) TMI 8 - HC - Income TaxExtract: .......was right in holding that the gift which had arisen on account of the relinquishment of the assessee s interest in the firm of M/s. Mydeen Agencies was exempt under section 5(1)(xiv) of the Gift-tax Act? We answer the question in the negative and in the Department s favour. The assessee has to pay the costs of this reference. Counsel s fee Rs. 500.
|