https://www.taxtmi.com/caselaws?id=220523 In Civil Appeal No. 3917/2010, Civil Appeal No. 3916/2010, and Civil Appeal No. 3918/2010, the Supreme Court set aside the High Court of Punjab & Haryana's order and remanded the cases for fresh consideration regarding the liability of assessees to pay interest under section 16B for gift tax on revocable transfer of equity shares. This decision indicates a need for a more thorough analysis of the legal provisions and factual circumstances surrounding the imposition of interest in these cases, emphasizing the complexity and significance of the issues involved. en-us Tue, 22 Jan 2013 00:00:00 +0530 Fri, 28 Jun 2013 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220523 In Civil Appeal No. 3917/2010, Civil Appeal No. 3916/2010, and Civil Appeal No. 3918/2010, the Supreme Court set aside the High Court of Punjab & Haryana's order and remanded the cases for fresh consideration regarding the liability of assessees to pay interest under section 16B for gift tax on revocable transfer of equity shares. This decision indicates a need for a more thorough analysis of the legal provisions and factual circumstances surrounding the imposition of interest in these cases, emphasizing the complexity and significance of the issues involved. Case-Laws Income Tax Tue, 22 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220523