Succession certificate oversight to detect property surrenders and subject them to gift-tax reporting for taxation. Maintain liaison with courts to collect periodic information on issuance of succession certificates to identify property surrenders contemporaneous with their grant that may be chargeable to gift-tax, and take administrative steps to subject such surrenders to tax assessment and recovery, with heads of charge reporting measures taken to the Board.
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.
Succession certificate oversight to detect property surrenders and subject them to gift-tax reporting for taxation.
Maintain liaison with courts to collect periodic information on issuance of succession certificates to identify property surrenders contemporaneous with their grant that may be chargeable to gift-tax, and take administrative steps to subject such surrenders to tax assessment and recovery, with heads of charge reporting measures taken to the Board.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
