Gift-tax information collection to detect inadequate consideration and counter evasion, enabling enforcement under gift-tax law. Gift-tax Officers are directed to collect particulars from registering officers for transactions where the apparent consideration is not adequate and for gift-deeds, settlement-deeds, trust-deeds and deeds designating distribution of individual properties as instruments of partition, to detect cases susceptible to evasion and to take necessary action under the Gift-tax Act, 1958.
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 information collection to detect inadequate consideration and counter evasion, enabling enforcement under gift-tax law.
Gift-tax Officers are directed to collect particulars from registering officers for transactions where the apparent consideration is not adequate and for gift-deeds, settlement-deeds, trust-deeds and deeds designating distribution of individual properties as instruments of partition, to detect cases susceptible to evasion and to take necessary action under the Gift-tax Act, 1958.
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