https://www.taxtmi.com/caselaws?id=276231 Gift-tax on gifts of agricultural lands and buildings was treated as a tax on property connected with ownership and, applying the pith and substance doctrine, was held to fall within the State field under Entry 49 of List II. The Court read the legislative entries broadly and concluded that the power to tax lands and buildings extended to gifts of such property, making resort to the residuary power unnecessary. On that basis, the levy was beyond Parliament's competence to that extent, and the impugned assessments were quashed insofar as they applied gift-tax to gifts of lands and buildings. en-us Thu, 22 Mar 1962 00:00:00 +0530 Fri, 02 Nov 2018 14:58:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276231 Gift-tax on gifts of agricultural lands and buildings was treated as a tax on property connected with ownership and, applying the pith and substance doctrine, was held to fall within the State field under Entry 49 of List II. The Court read the legislative entries broadly and concluded that the power to tax lands and buildings extended to gifts of such property, making resort to the residuary power unnecessary. On that basis, the levy was beyond Parliament's competence to that extent, and the impugned assessments were quashed insofar as they applied gift-tax to gifts of lands and buildings. Case-Laws Income Tax Thu, 22 Mar 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276231