Section 115TC : Securitisation trust to be assessee in default.
115TC. If any person responsible for making payment of the income distributed by the securitisation trust and the securitisation trust […]
Gift Tax Act
Gift Tax Act
Gift Tax Act, Income Tax Case Laws, Section 45
S.C : The transaction of payment of Rs.42.45 lakhs had been subjected under the Gift Tax Act and the Department cannot claim both under the Gift Tax Act and also levy tax under the Income Tax Act
Supreme Court Of India CIT, Madurai vs. Annamalaiar Mills Section 45 R.K. Agrawal And Mohan M. Shantanagoudar, JJ. Civil Appeal
Gift Tax Act, Section 3
Delhi H.C : A share in the DSE as also membership of DSE were property/assets and transfer thereof was exigible to tax under the Gift-tax Act, 1958
High Court Of Delhi Jagan Nath Syal vs. Commissioner of Gift-tax. Section : 3 Assessment year : 1992-1993 Dr. S.
Gift Tax Act, Sec. 2(XII)
Telangana & Andhra Pradesh H.C : There is no family settlement is based on the relevant material or reasonable or could be correct conclusion which could be arrived at based on the facts occurring in the case
High Court Of Telangana & Andhra Pradesh Arjundas Vs. Commissioner Of Gift-Tax Section : 2(xii) Assessment year : 1987-88 L.
Gift Tax Act
Allahabad H. C : Whether the hon’ble Tribunal has erred in law in holding that there was no deemed gift within the meaning of section 4(1)(c) of the Gift-tax Act in respect of the interest amount of Rs. 1.70 crores surrendered/abandoned by the respondent in favour of its sister concerns ?
High Court Of Allahabad CGT Vs. Sahara India (Firm) Assessment Year : 1990-91 Section : 4 Rajiv Sharma And Dr.
Sec. 4(1), Gift Tax Act
Allahabad H.C : the Income-tax Appellate Tribunal erred in law in deciding the addition of Rs.1,33,09,149/- on account of deemed gift within the meaning of the provisions of Section 4(1)(a) of the Gift Tax Act by holding that the transfer of property was made for adequate consideration, while the price paid by the respondent for acquiring the shares of the closely held companies of the Sahara Group was much more than the value of these shares as worked out in the manner laid down in Schedule II of the Gift Tax Act
High Court Of Allahabad CIT (Central) Vs. O.P. Srivastava Section : 4(1) Rajiv Sharma And Saeed-Uz-Zaman Siddiqi, Jj. IT Appeal
Gift Tax Act, Sec. 4, Sec. 4(1)(c)
S.C : Whether, on the facts and in the circumstances of the case, the ITAT was right in law in quashing the gift-tax assessment in the assessee’s case
Supreme Court Of India Satya Nand Munjal vs. Commissioner Of Gift Tax Section 4(1)(c) of Gift Tax Act, 1958 Asst.
Gift Tax Act, Sec. 2(XII)
Madras H.C : The property was transferred out of love and affection and hence there is an element of gift involved while the petition for divorce was filed on the same date of settlement and the same was pending before the Court
High Court Of Madras K. Meenakumari vs. ITO, City Ward VII(14), Chennai-34 Assessment Year : 1989-90 Section : 2(XII) Mrs.
Sec. 4, Gift Tax Act
Karnataka H.C : The entire transaction was bona fide not for inadequate consideration and consequently does not attract gift tax liability without passing a speaking order
High Court Of Karnataka CIT, Bangalore vs. Smt. Jayalakshmamma Assessment Year : 1984-85 Section : 4 Kumar And Mrs. B.V.
Gift Tax Act, Sec. 4, Sec. 4(1)(a)
Punjab & Haryana H.C : Whether on the facts and circumstances of the case the Tribunal was right in law in confirming the order of the CGT(A) (Central), Ludhiana and holding that the transaction of 50,000—4 per cent non-cumulative preference shares at the face value of Rs. 100, the market value of which did not exceed Rs. 30 per share, did not involve any gift ?
High Court Of Punjab & Haryana Commissioner Of Gift Tax vs. Rockman Cycle Industries (P) Ltd. Section GT 4(1)(a) Asst.
