https://www.taxtmi.com/caselaws?id=10856 The High Court upheld the Tribunal's decision that the settlement deeds constituted valid gifts under the Gift-tax Act, attracting gift-tax. The court directed the appellants to file objections to the valuation report for the year 1996-97, ensuring a fair assessment process by allowing a hearing and issuance of final orders within three months. Transparency and compliance with legal provisions were emphasized in addressing valuation concerns while maintaining the Tribunal's decision on gift-tax assessment. en-us Wed, 21 Jan 2004 00:00:00 +0530 Fri, 24 Jun 2022 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10856 The High Court upheld the Tribunal's decision that the settlement deeds constituted valid gifts under the Gift-tax Act, attracting gift-tax. The court directed the appellants to file objections to the valuation report for the year 1996-97, ensuring a fair assessment process by allowing a hearing and issuance of final orders within three months. Transparency and compliance with legal provisions were emphasized in addressing valuation concerns while maintaining the Tribunal's decision on gift-tax assessment. Case-Laws Income Tax Wed, 21 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10856