https://www.taxtmi.com/caselaws?id=276233 The court held that the power to levy gift-tax on agricultural lands falls under the residuary powers of Parliament as per Article 248(2) and Entry 97 of List I. Consequently, the petitions challenging Parliament's competency to enact the Gift-tax Act, 1958, in relation to agricultural lands were dismissed. Other contentions raised were not addressed by the court, leaving them to be dealt with by the relevant Gift-tax Officers. en-us Tue, 29 Aug 1961 00:00:00 +0530 Fri, 02 Nov 2018 15:08:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276233 The court held that the power to levy gift-tax on agricultural lands falls under the residuary powers of Parliament as per Article 248(2) and Entry 97 of List I. Consequently, the petitions challenging Parliament's competency to enact the Gift-tax Act, 1958, in relation to agricultural lands were dismissed. Other contentions raised were not addressed by the court, leaving them to be dealt with by the relevant Gift-tax Officers. Case-Laws Income Tax Tue, 29 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276233