follows: "Does a gift of immovable property become complete as soon as the gift deed is executed or only upon its being registered ? When ... gift was complete for purposes of determining the incidence of gift and for purposes of levying gift-tax under Section 3 of the Gift
claim the rights of a transferee. Clauses 19 to 22 contain pre-emption rights in favour of the existing members, whenever shares are proposed ... supra) that any transfer of shares without exhausting the rights of pre-emption in violation of the articles would constitute an act of oppression
appellant claimed a right of pre-emption on account of this sale. The consideration mentioned in the sale deed was Rs. 2,000. On February ... sale, claimed right of pre-emption. However, in fact, on February 9, 1946, the registration of the sale deed became complete as provided in Section
favour by which he gifted the said land to his brother Yashpal
Bindal by duly executed Gift Deed dated 30 September, 2011. Ongoing through ... through a
registered deed, a suit filed before the sale deed is executed is premature as the right of pre-
emption under the statute
land was significantly undervalued and there was thus a case for
its pre-emptive purchase.
As regards the case of the petitioner based upon ... petitioner to meet the
case of the Appropriate Authority for pre-emptive purchase of the
suit property since the material or the information relating
parties including Hindustan Petroleum Limited who have filed a suit of pre-emption on 12-1-1989. It is on the basis of the above ... purpose of lease as well as the right of pre-emption purchase. He, therefore, allowed the discount at 33 1/3% from the market value
addition of Rs. 36,59,103 made by AO on account of pre-emptive utilization of reserve as chargeable to tax under Section 80HHD ... From the above facts it is clear that It was pre-emptive utilization of the reserve and amount was utilized from the reserve when
will permit a transfer of the leasehold rights. In the gift deed the valuation of the property was shown as Rs. 2 lakhs and stamp ... that rule. It was also contended that the registration of the gift deed showing a valuation of Rs. 2 lakhs can act only
deed. The learned Gift-tax Officer in this respect may ascertain from the record including the copy of the gift-deed as to by whom ... assessee contended before the Gift-tax Officer that under the terms of the sublease deed, the rights of the assessee in the plot were absolutely
improvements effected. The assessees also obtained the right of pre-emption (on the same terms i.e. at Rs. 4,46,000 plus the depreciated ... held that the conditions pertaining to the right of reconveyance/pre-emption retained by the assessees were not intended to be acted upon and were
