https://www.taxtmi.com/caselaws?id=289593 Parliament had legislative competence to enact the Gift-tax Act as applied to gifts of agricultural land because the levy was treated as a tax on the transaction of gift, not a tax on land itself. The power to legislate on agricultural land or on taxes on lands and buildings did not extend to imposing gift-tax on transfers of such land, and taxation was treated as a distinct field from the substantive subject. The measure therefore did not fall within Entry 49 of List II, and Parliament's authority was upheld under the residuary power in Article 248 and Entry 97 of List I. The challenge to validity failed. en-us Mon, 20 Jul 1964 00:00:00 +0530 Fri, 07 Aug 2020 17:11:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289593 Parliament had legislative competence to enact the Gift-tax Act as applied to gifts of agricultural land because the levy was treated as a tax on the transaction of gift, not a tax on land itself. The power to legislate on agricultural land or on taxes on lands and buildings did not extend to imposing gift-tax on transfers of such land, and taxation was treated as a distinct field from the substantive subject. The measure therefore did not fall within Entry 49 of List II, and Parliament's authority was upheld under the residuary power in Article 248 and Entry 97 of List I. The challenge to validity failed. Case-Laws Income Tax Mon, 20 Jul 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289593