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1 - 7 of 7 (0.38 seconds)Section 122 in The Transfer Of Property Act, 1882 [Entire Act]
The Transfer Of Property Act, 1882
Sukhlal Sheo Narain vs Commissioner Of Wealth-Tax on 23 May, 1972
6. As regards to the revenue's argument that the entry in the
books of account of the assessee amounts to transfer, the learned
counsel for the assessee submitted that mere entry in the books of the
assessee will not prove that there is actually a transfer. For this
preposition, he placed reliance upon the decision of the Hon'ble Punjab
& Haryana High Court in the case of Sukhlal Sheo Narain Vs
Commissioner of Wealth Tax, Haryana reported in 89 ITR 157 wherein
under similar circumstances, it was held that where there is only an
entry in the books of accounts and no further action has been taken as
required under the law, then it cannot be held that there is a gift.
Section 132 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 47 in The Income Tax Act, 1961 [Entire Act]
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