https://www.taxtmi.com/caselaws?id=12746 An assessee who accepted in settlement that gift-tax proceedings were validly initiated and would not be challenged except on valuation could not later attack substituted service of notice or the assumption of jurisdiction under section 16(1) of the Gift-tax Act, 1958; the prior acceptance of the factual basis for service by affixation made the challenge untenable. The Tribunal therefore erred in quashing the assessment for want of valid service. On valuation, findings that the lands were agricultural and that the declared value was justified were supported by revenue records, official material and the date of gift, and were purely factual. No referable question of law arose on that issue. en-us Fri, 15 Feb 2002 00:00:00 +0530 Thu, 21 May 2009 17:15:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12746 An assessee who accepted in settlement that gift-tax proceedings were validly initiated and would not be challenged except on valuation could not later attack substituted service of notice or the assumption of jurisdiction under section 16(1) of the Gift-tax Act, 1958; the prior acceptance of the factual basis for service by affixation made the challenge untenable. The Tribunal therefore erred in quashing the assessment for want of valid service. On valuation, findings that the lands were agricultural and that the declared value was justified were supported by revenue records, official material and the date of gift, and were purely factual. No referable question of law arose on that issue. Case-Laws Income Tax Fri, 15 Feb 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12746