Mani K.Thomas vs The Commissioner Of Gift Tax on 26 November, 1999
9. There is no dispute with regard to the factual position
and the matter requires to be considered only with regard to
the question of law and the effect of the verdicts passed by the
Supreme Court as per the decisions mentioned above. The
question considered by the Apex Court in Commissioner of
Gift Tax v. D.C.Shah and others (249 ITR 518), pursuant
to the reference, was: