https://www.taxtmi.com/caselaws?id=24384 A substantive legal controversy over whether a release deed transferred a one-fourth share in trust corpus or only the beneficiary's interest warrants a reference under the Gift-tax Act. The taxable valuation depends on the legal character of the property gifted. Where the Tribunal's order raises that unresolved question, a question of law arises and the Tribunal must state the case and refer it to the High Court for determination. The application therefore succeeded solely to secure reference of the identified legal question. en-us Mon, 26 Sep 1988 00:00:00 +0530 Tue, 19 Jan 2010 15:58:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24384 A substantive legal controversy over whether a release deed transferred a one-fourth share in trust corpus or only the beneficiary's interest warrants a reference under the Gift-tax Act. The taxable valuation depends on the legal character of the property gifted. Where the Tribunal's order raises that unresolved question, a question of law arises and the Tribunal must state the case and refer it to the High Court for determination. The application therefore succeeded solely to secure reference of the identified legal question. Case-Laws Income Tax Mon, 26 Sep 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24384