https://www.taxtmi.com/caselaws?id=65793 Where estate duty reduction is linked to gift tax paid, the deduction is confined to the net gift tax actually paid after the statutory stamp-duty deduction, not the gross gift tax payable. Section 18A of the Gift Tax Act operates to reduce the amount ultimately paid as gift tax, and section 50A of the Estate Duty Act refers to that actual payment rather than the larger payable figure. On that basis, the full gift-tax payable could not be treated as deductible, and the Revenue's position prevailed. en-us Tue, 09 Aug 1983 00:00:00 +0530 Fri, 18 Feb 2011 17:24:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65793 Where estate duty reduction is linked to gift tax paid, the deduction is confined to the net gift tax actually paid after the statutory stamp-duty deduction, not the gross gift tax payable. Section 18A of the Gift Tax Act operates to reduce the amount ultimately paid as gift tax, and section 50A of the Estate Duty Act refers to that actual payment rather than the larger payable figure. On that basis, the full gift-tax payable could not be treated as deductible, and the Revenue's position prevailed. Case-Laws Income Tax Tue, 09 Aug 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65793