https://www.taxtmi.com/caselaws?id=70464 Donations by a company to political parties were treated as made under authority of a specific clause in its memorandum of association, bringing them within the then-operative CBDT circular that treated such gifts as made in the course of business and exempt from gift-tax. On that basis, the donations fell within the exemption under section 5(1)(xiv) of the Gift-tax Act, 1958, and were not taxable gifts. The departmental view to the contrary was rejected. en-us Sat, 06 Feb 1982 00:00:00 +0530 Sat, 16 Apr 2011 13:04:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70464 Donations by a company to political parties were treated as made under authority of a specific clause in its memorandum of association, bringing them within the then-operative CBDT circular that treated such gifts as made in the course of business and exempt from gift-tax. On that basis, the donations fell within the exemption under section 5(1)(xiv) of the Gift-tax Act, 1958, and were not taxable gifts. The departmental view to the contrary was rejected. Case-Laws Income Tax Sat, 06 Feb 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70464