Gift-tax amendment clarifies subordination of section 3(2) to other provisions, expressly including levy of additional gift-tax. Amendment replaces the introductory qualification in sub section (2) of the Gift-tax Act to state that the provision is operative subject to the other provisions (including provisions for the levy of additional gift-tax) contained in the Act, thereby expressly subordinating sub section (2) to statutory levy provisions for additional gift-tax.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Gift-tax amendment clarifies subordination of section 3(2) to other provisions, expressly including levy of additional gift-tax.
Amendment replaces the introductory qualification in sub section (2) of the Gift-tax Act to state that the provision is operative subject to the other provisions (including provisions for the levy of additional gift-tax) contained in the Act, thereby expressly subordinating sub section (2) to statutory levy provisions for additional gift-tax.
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