Return of gifts not to be invalid despite procedural errors if substance conforms to the Act's intent. The provision provides that returns of gifts, assessments, notices, summonses and other proceedings under the Gift-Tax Act shall not be invalid merely due ... Summary
Return of gifts not to be invalid despite procedural errors if substance conforms to the Act's intent.
The provision provides that returns of gifts, assessments, notices, summonses and other proceedings under the Gift-Tax Act shall not be invalid merely due to mistakes, defects or omissions if the instrument is in substance and effect in conformity with the intent and purpose of the Act, applying whether furnished, made, issued, taken or purported to have been so.
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