Gift - Judgment Search Results

Commissioner of Gift-tax Vs. Trustees of H.E.H. the Nizam's Wedding Gi ...

Court: Andhra Pradesh

Reported in: [1989]175ITR266(AP)

..... the case the appellate tribunal was justified in holding that no gift was involved in the transaction of handing over the swords by ..... or abandonment a reading of these provisions would establish that a gift is a transfer by one person to another of any existing ..... the case the appellate tribunal was justified in holding that no gift was involved in the transaction of handing over the swords by .....

Commissioner of Gift-tax Vs. K.A. Abdul Razack and ors.

Court: Kerala

Reported in: (1991)97CTR(Ker)223; [1992]196ITR578(Ker)

..... to be treated as consideration head note income tax gift tax gift chargeability gift in the course of business admission of minor sons ..... 98itr504 ker the tribunal held that there is a gift exigible to gift tax in this case the tribunal also held that ..... that capital contributed by minors be treated as consideration for gift of interest surrendered in favour of minors reconstitution of firm .....

Chimanbhai Kashibhai Patel Vs. Commissioner of Gift-tax

Court: Gujarat

Reported in: (1993)111CTR(Guj)83; [1993]203ITR57(Guj)

..... are therefore disposed of by this common judgment 2 the assessee gifted 8 000 shares of gaskets and radiators private limited to ..... value of shares was declared following the break up method the gift tax officer accepted that method of valuation as the correct method ..... as to costs direct taxation valuation section 6 of gift tax act 1958 assessee gifted shares to family members on 28 04 1976 assessee .....

Deivanaiammal and ors. Vs. Commissioner of Gift-tax

Court: Chennai

Reported in: [2001]248ITR232(Mad)

..... the document is a family arrangement and not a gift deed the gift tax officer held that the document though styled as ..... mother were concerned the appellate assistant commissioner agreed with the gift tax officer the legal representatives of the deceased assessee as ..... of transfer without consideration and did not therefore amount to gift 3 the legal representatives of ramasamy nadar sought the reference .....

Thakur Gopal Singh Vs. Commissioner of Wealth-tax

Court: Rajasthan

Reported in: [1975]99ITR354(Raj); 1973()WLN14

..... of income tax he agreed with the view taken by the gift tax officer and by his order dated october 28 1966 dismissed ..... primogeniture the transaction did not involveany transfer creating any liability for gift tax as it was a case of partition among the members ..... executed by the estate holder involved a transfer by way of gift their lordships considered various privy council cases and held that the .....

Commissioner of Income-tax Vs. E.X. Jolly

Court: Kerala

Reported in: [2004]265ITR399(Ker)

..... the circumstances of the case the tribunal was right in holding that no element of gift was involved when the assessee retired from the firm in which he was a partner ..... court in cgt v smt r sarojini 1993 201itr104 ker held that there is no gift in such transactions 3 we have heard sri p k r menon learned senior standing .....

Smt. Satyabati Goswami and ors. Vs. Commissioner of Gift-tax, Etc.

Court: Guwahati

..... hindu law and therefore the learned tribunal was not correct in holding that the gifted properties belonged exclusively to kumudeswar goswami being his separate property the learned counsel has ..... of kumudeswar goswami the assessment proceeding was continued against the legal representatives and the gift tax officer took action against the sons of kumudeswar goswami by virtue of section .....

G. Krishna Rao and ors. Vs. the First Additional Gift Tax Officer, Gun ...

Court: Andhra Pradesh

Reported in: [1968]70ITR812(AP)

..... cited before us a decision of this court in commissioner of gifts tax andhra pradesh hyderabad v satyanarayana murthy air1965ap95 the facts ..... the arrears of tax from the immoveable property comprised in the gift the department is proceeding well within its rights 33 in ..... the arrears of tax from the immoveable property comprised in the gift the department is proceeding well within its rights 33 in .....

Smt. Vidyawati Devi Rathi Vs. Commissioner of Gift-tax

Court: Rajasthan

Reported in: (1987)64CTR(Raj)241; [1988]169ITR708(Raj)

..... tax officer became aware that the assessee would be liable to gift tax the appellate assistant commissioner accepted the contention of the assessee ..... that the material date on which the gift can be said to have been completed by virtue of surrender ..... any property referred to in section 4 deemed to be a gift under that section 2 xxiv transfer of property means any disposition .....

Dr. K.C. Mammen Vs. Commissioner of Gift Tax

Court: Kerala

Reported in: (2004)190CTR(Ker)153

..... that the said provision brings in a new category of gift namely deemed gift and that in this provision the value of the consideration ..... the yield method he further submitted that the valuation of deemed gift in accordance with schedule iii of the wt act was not ..... the latter limb regarding the determination of value of the deemed gift is a procedural provision according to us the manner of determination .....