Timing of gift taxation extended to cover gifts laid in two or more successive sessions, clarifying the following session reference. The amendment broadens the sessional scope by substituting 'two or more successive sessions' for 'two successive sessions' and revises the follow up reference to identify the 'immediately following the session or the successive sessions aforesaid' as the operative reference for determining the timing applicable to gifts.
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Provisions expressly mentioned in the judgment/order text.
Timing of gift taxation extended to cover gifts laid in two or more successive sessions, clarifying the following session reference.
The amendment broadens the sessional scope by substituting "two or more successive sessions" for "two successive sessions" and revises the follow up reference to identify the "immediately following the session or the successive sessions aforesaid" as the operative reference for determining the timing applicable to gifts.
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