https://www.taxtmi.com/caselaws?id=16171 A departmental circular on gifts to political parties was treated as confined to donations made under a specific clause in a company's memorandum and articles of association, so its wider application to general-company donations was doubtful. The Court also noted that, although the circular may not have applied on that broad basis, it did not see any practical reason to remit the reference for reconsideration of exemption under the Gift-tax Act because the tax effect was small, the circular had been withdrawn, and the issue was unlikely to recur. The Tribunal's order was therefore left undisturbed, and the questions were answered against the Revenue only in a technical sense. en-us Tue, 06 Jan 1998 00:00:00 +0530 Tue, 01 Sep 2009 15:40:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16171 A departmental circular on gifts to political parties was treated as confined to donations made under a specific clause in a company's memorandum and articles of association, so its wider application to general-company donations was doubtful. The Court also noted that, although the circular may not have applied on that broad basis, it did not see any practical reason to remit the reference for reconsideration of exemption under the Gift-tax Act because the tax effect was small, the circular had been withdrawn, and the issue was unlikely to recur. The Tribunal's order was therefore left undisturbed, and the questions were answered against the Revenue only in a technical sense. Case-Laws Income Tax Tue, 06 Jan 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16171