https://www.taxtmi.com/caselaws?id=65792 For estate duty reduction under section 50A, the deductible amount is confined to the gift tax actually paid on the gifted property, not the gross gift tax payable. Where stamp duty is allowed as a deduction under section 18A of the Gift Tax Act, the gift tax paid is only the net balance after that adjustment. On that basis, the larger gross amount could not be treated as deductible under section 50A, and the claim for deduction of the full gift tax payable was rejected in favour of the Revenue. en-us Tue, 09 Aug 1983 00:00:00 +0530 Fri, 18 Feb 2011 17:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65792 For estate duty reduction under section 50A, the deductible amount is confined to the gift tax actually paid on the gifted property, not the gross gift tax payable. Where stamp duty is allowed as a deduction under section 18A of the Gift Tax Act, the gift tax paid is only the net balance after that adjustment. On that basis, the larger gross amount could not be treated as deductible under section 50A, and the claim for deduction of the full gift tax payable was rejected in favour of the Revenue. Case-Laws Income Tax Tue, 09 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65792