invest, acquire
and hold the shares, stocks and debentures. For the purpose of
purchase of shares, 5000 equity shares gifted by the Directors have
been ... making gift to oneself. Hence, the gift
transaction was not a genuine one. Apart from that within a few
days of gift, 5000 shares have
shares, the
A.O. was made fully aware of the sale price of Wipro
shares. In any event, the market price of Wipro shares ... account, which gave the A.O full information about the gift
of Wipro shares received by the petitioner are also the
sale thereof
shares, the
A.O. was made fully aware of the sale price of Wipro
shares. In any event, the market price of Wipro shares ... account, which
gave the A.O full information about the gift of Wipro shares
received by the petitioner are also the sale thereof
proof regarding the oral gifts. If the oral
gifts are not proved obviously plaintiff takes her
legitimate share.
25
25. So far as gift made ... establish the oral gift. Exs.
D48 and D49 do not evidence the oral gift. Though
Mohammedan Law provides for gifting a property
orally, whenever
four paise share each. D. C. Shah was allotted 14 paise share in a rupee and K. D. Shah's share was increased ... gift chargeable to tax under the Gift-tax Act . The assessee's contention on this issue is accordingly rejected. The Gift-tax Officer
Income-tax Act, 1961, has no application to the gift
of shares of Wipro Ltd. Received by the Petitioner in
the previous year relevant ... WIPRO shares (Rs.2/- per share) and also their market
value as on 31.03.2013 are clearly disclosed.
(xi) In any event, share of WIPRO
shares
b) Anju Nambiar - 100 shares
c) Rajiv Chandrashekar - 100 shares
As on the date of transfer of shares i.e. on 2.3.1993, the share ... share or a preference share or, as the case may be, a debenture, means a share or debenture which is not a quoted share
property. Ex.P.5 is a registered
gift deed dated 09.03.1950 under which Basavanneppa
gifted half share in the schedule property in favour of
Ramappa ... only 1/3rd. Therefore, the recital in the gift
deed that Basavanneppa gifted half share to Ramappa
would not confer any title in Ramappa
virtue of the alleged
oral gift deed dated 24.06.1946. Therefore, the gift made
by Ramachandra Jadhav and further alleged gift made
by said Smt. Laxmibai ... alleged
gift dated 24.06.1946 and alleged gift dated
30.01.1969 are illegal and concocted?
4. Whether the plaintiffs are entitled for the
share in the suit
transaction can be construed as a sale of 25/55ths share and gift of 30/55ths share in the property transferred. On the same date ... into it is really a case of sale of 25/55ths share and gift of 30/55ths share in the property and the extent
