https://www.taxtmi.com/caselaws?id=200786 Taxing power must rest on an express taxing entry or the residuary power; it cannot be implied merely because a subject appears within a general legislative entry. On that basis, gift tax on gifts of agricultural land was treated as a tax on transfer by gift, not a tax on land or ownership of land, and the levy was sustained as within legislative competence. The Act also treats the total gifts made by an assessee in the relevant year as the taxable unit, so aggregation of all such gifts for assessment and rate purposes was permissible and necessary. The Gift Tax Act was therefore upheld. en-us Tue, 15 Sep 1959 00:00:00 +0530 Mon, 23 Apr 2018 16:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200786 Taxing power must rest on an express taxing entry or the residuary power; it cannot be implied merely because a subject appears within a general legislative entry. On that basis, gift tax on gifts of agricultural land was treated as a tax on transfer by gift, not a tax on land or ownership of land, and the levy was sustained as within legislative competence. The Act also treats the total gifts made by an assessee in the relevant year as the taxable unit, so aggregation of all such gifts for assessment and rate purposes was permissible and necessary. The Gift Tax Act was therefore upheld. Case-Laws Income Tax Tue, 15 Sep 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200786