gift-tax or else the amount falls into the ambit of definition of gift as contained in section 2(xii) of the Gift-tax Act ... gift showing nil taxable gift. In response to the notice issued by the Gift-tax Officer, the assesseds representative appeared before the Gift-tax Officer
Act. If the gift referred to in section 47(iii) includes a gift under section 4 of the Gift Tax Act, then it would follow ... proper to adopt the meaning given to gift under the Gift Tax Act to a gift under clause (iii) of section 47 of the Act
transaction of sale and gifts, the part which constituted sale being distinct from the gift, the gift being a gift in the ordinary accepted sense ... tanto gift and be assessed to gift-tax especially in view of the extended definition of gifts in the G.T. Act .
28. This
Gift-tax Act, 1958 (hereinafter referred to as "the Act"), and determined the value of the gift ... other hand, a gift which is deemed to be a gift under section 4 of the Act is not a gift which is made
Gift-tax Act, 1958 (hereinafter referred to as the Act) and determined the value of the gift at Rs. 4,21,160. The Gift ... other hand, a gift which is deemed to be a gift under section 4 of the Act is not a gift which is made
fact, a gift and constitutes a taxable gift under Section 4(1)(a) of
the Gift Tax Act. It was submitted that the Act makes ... shall be deemed to be a gift made by such
person;"
Section 3 of the Gift Tax Act, 1958 is the charging provision
this context. The learned Commissioner of Gift Tax after referring to the provisions of Gift Tax Act and the rules made thereon directed the Gift ... market on the date on which the gift was made."
Rule 10(2) of Gift Tax Act as it stood then, reads as under
Act 1882 which
deals with gifts of movable and immovable properties. Section 122
defines „gifts‟ as under:-
"Gift" is the transfer of certain ... Act the
essential elements of gift are as under:-
(i) Donor‟s interest to make a gift.
(ii) the gift should be made voluntarily
Transfer of Property Act, 1882 . Section 122 of Transfer of Property
Act, 1882 defines „Gift‟ as under"-
"122. "Gift" defined ... Bench),
learned single Judge has held that a gift would be a valid gift if
the gift has been accepted even though the document
Property Act are nevertheless deemed to be a gift for the purposes of the Gift-Tax Act . But this reasoning and these decisions have ... Transfer of Property Act and section 17 of the Registration Act to deem it as a gift by a fiction. There is no such legislation
