https://www.taxtmi.com/caselaws?id=18995 The court upheld the Tribunal's decision, affirming that Section 33(1)(o) exempts gifts made to close relatives beyond five years before the donor's death, even if the gift was made before the section's insertion in the Act. Both questions were answered in favor of the assessee, and no costs were awarded. en-us Thu, 23 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 12:35:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18995 The court upheld the Tribunal's decision, affirming that Section 33(1)(o) exempts gifts made to close relatives beyond five years before the donor's death, even if the gift was made before the section's insertion in the Act. Both questions were answered in favor of the assessee, and no costs were awarded. Case-Laws Income Tax Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18995