https://www.taxtmi.com/caselaws?id=9024 A deemed gift under section 4 of the Gift-tax Act, 1958 remained within the assessee's charging and return-filing obligation under sections 3, 2(xii) and 13(1). Filing the return only after notice under section 13(2) and before assessment did not cure the earlier failure to file within the prescribed time, and section 14 did not remove the statutory consequence of that default. The Tribunal's finding that there was no reasonable cause was treated as binding and not shown to be perverse. The default under section 17(1)(a) was therefore made out, and the penalty was upheld. en-us Thu, 15 Mar 1973 00:00:00 +0530 Thu, 18 Jun 2009 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9024 A deemed gift under section 4 of the Gift-tax Act, 1958 remained within the assessee's charging and return-filing obligation under sections 3, 2(xii) and 13(1). Filing the return only after notice under section 13(2) and before assessment did not cure the earlier failure to file within the prescribed time, and section 14 did not remove the statutory consequence of that default. The Tribunal's finding that there was no reasonable cause was treated as binding and not shown to be perverse. The default under section 17(1)(a) was therefore made out, and the penalty was upheld. Case-Laws Income Tax Thu, 15 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9024