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of <h1>Gift-tax Amendment Aligns Administration with Income-tax Framework Under Sections 7-10, Effective April 1988</h1> The amendment to the Gift-tax Act, 1958, effective April 1, 1988, replaces sections 7-10 with provisions that align gift-tax administration with income-tax structures. Income-tax authorities specified in section 116 of the Income-tax Act will serve as gift-tax authorities with identical jurisdictional boundaries. The Board may issue directives to subordinate authorities for proper administration without interfering with assessment decisions or appellate functions. The amendment authorizes relief in cases of genuine hardship and establishes procedures for transferring cases between authorities. Sections 124 and 127 of the Income-tax Act apply to gift-tax matters with specified modifications, creating a unified administrative framework.
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