TMI Blog1991 (5) TMI 31X X X X Extracts X X X X X X X X Extracts X X X X ..... ed by the Gift-tax Officer to the petitioners on March 18, 1985, under section 16(1)(a) of the Gift-tax Act, 1958. The matter here pertains to the assessment year 1977-78. All the petitioners were partners of the firm, Messrs. Mahajan International. On December 31, 1986, in pursuance of an agreement for sale entered into between the parties, Mahajan International sold the running business of thi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ection 4(1)(a) of the Gift-tax Act, 1958, and as no return had been filed under the said Act, the impugned notice under section 16(1)(a) thereof was issued to all the petitioners. It is this notice that is now sought to be challenged in these writ petitions on various grounds primarily on the plea that the notice had been issued without jurisdiction. The petitioners are, however, confronted with ..... X X X X Extracts X X X X X X X X Extracts X X X X
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