2003 (4) TMI 42

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..... e Revenue was: "Whether, on the facts and circumstances of the case, the Appellate Tribunal is right in law in holding that the value of a car and jewellery given by the assessee to his daughter at the time of her marriage cannot be subjected to gift-tax?" The Appellate Tribunal came to the conclusion that the said gift of car and jewellery came within the exception. However, we cannot restrain .....

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..... , as rightly contended by learned senior standing counsel for the Revenue, that finding cannot be sustained. In the first place, there is nothing on record, and there is no basis to suggest that if the car and the jewellery were not given, there would have been a talaq. It is to say the least, a baseless finding. Further the Tribunal has held that it is almost an involuntary payment under the com .....

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