department the first contention was whether the definition of gift under the Gift-tax Act can be imported for the purpose of understanding the word ... fact a gift.
16. The contention, however, was that since the word "gift" is defined in the Gift-tax Act to mean
excess thereof, did not amount to a gift within the meaning of the Gift-tax Act ?"
2. The assessment year concerned ... given to minors, Kirit Kumar and Deepak Kumar, was gift under the Gift-tax Act, 1958 ," was referred for the opinion of the Gujarat
Transfer of Property Act . The definitions of gift and transfer in the Gift Tax Act , are exhaustive and it is those terms that we should ... importation of considerations arising from the definitions of gift and transfer in the Gift Tax Act , are exhaustive and it is those terms that
joint family property constituted a gift either wholly or partly for purposes of the Gift-tax Act . Noticing the provisions contained in section ... amendment of the Gift-tax Act , amendments also were made to the Income-tax Act and Wealth-tax Act and the language employed in amending
liability to gift-tax was determined by the definition of "gift" as given in the Gift-tax Act , whereas for the purpose ... cannot be disputed that a gift under the general law is nonetheless a gift under Gift-tax Act , which in its definition has not only
gift under Section 4 .
"Taxable gifts" are defined as "gifts chargeable to Gift Tax under the Act." We will refer ... made under that Act for that year."
Thus, the applicability of the Act is extended to all gifts made during the period prescribed
ascertained share would be a gift. It may be noted that section 2(xxiv) of the Gift-tax Act defines the words "transfer ... position under the Estate Duty Act is much the same as under the Income-tax Act and the Gift-tax Act , because what is envisaged
which the transaction was not treated as a gift under the Gift-tax Act .
7. The learned counsel for the income-tax department besides replying ... Acts should not be read together. It is well-known that the Income-tax Act, the Wealth-tax Act, the Gift-tax Act
only daughter fell within the meaning of 'taxable gift' under the Gift-tax Act ?"
2. The facts leading to this reference ... Gift-tax Officer, the assessee contended that this transfer did not amount to a gift as contemplated by the Gift-tax Act , as the appropriation
gift deed dated the 12th December, 1957. In response to a notice issued under section 13(2) of the Gift-tax Act, the assessee filed ... Act or to the amount of tax determined as payable by him under the Act or denies his liability to be assessed under the Act
