https://www.taxtmi.com/caselaws?id=18790 Difference between the declared value of a gift and the Sub-Registrar's guideline value did not, on these facts, create a deemed gift under section 4(1)(a) of the Gift-tax Act. The Tribunal had followed an earlier binding High Court ruling and recorded a factual finding that the consideration was fair and reasonable in the circumstances, even though it differed from the registration guideline value. As the conclusion turned on those factual findings and settled precedent, no substantive question of law arose for reference, and the Revenue's petition was dismissed. en-us Tue, 05 Apr 1994 00:00:00 +0530 Mon, 02 Nov 2009 10:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18790 Difference between the declared value of a gift and the Sub-Registrar's guideline value did not, on these facts, create a deemed gift under section 4(1)(a) of the Gift-tax Act. The Tribunal had followed an earlier binding High Court ruling and recorded a factual finding that the consideration was fair and reasonable in the circumstances, even though it differed from the registration guideline value. As the conclusion turned on those factual findings and settled precedent, no substantive question of law arose for reference, and the Revenue's petition was dismissed. Case-Laws Income Tax Tue, 05 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18790