TMI Blog2002 (2) TMI 19X X X X Extracts X X X X X X X X Extracts X X X X ..... nature of gift in view of the Madras High Court's decision reported in CGT v. N. Jothi Kumar without considering the facts of the two cases in detail ? - (2) Whether, on the facts and in the circumstances of the case, the Tribunal was right in upholding the order of the Commissioner of Gift-tax (Appeals) even though he did not decide the point of valuation of the property as specifically mentione ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for the purpose of their education, was not in the nature of gift in view of the Madras High Court's decision reported in CGT v. N. Jothi Kumar [1986] 157 ITR 785 without considering the facts of the two cases in detail? (2) Whether, on the facts and in the circumstances of the case, the Tribunal was right in upholding the order of the Commissioner of Gift-tax (Appeals) even though he did not d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al the claim of the assessee was allowed by the appellate authority. The order of the appellate authority was confirmed in second appeal by the Income-tax Appellate Tribunal. The appellate authorities having considered the entire material on record in depth and detail arrived at the conclusion that looking to the total value of the property owned by the assessee a comparatively small portion of th ..... X X X X Extracts X X X X X X X X Extracts X X X X
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