https://www.taxtmi.com/caselaws?id=38765 Under section 22(1) of the Gift-tax Act, an appeal lies only where the assessee disputes the value of the taxable gift, the amount of tax determined, or liability to assessment; since none of those objections was raised, the appellate authorities had no jurisdiction to entertain the appeals. The document also states that a gift can be completed by properly recorded book entries when the donor is divested of dominion and the donee acquires control, even without physical delivery. On the facts noted, the transfer through the firm's books was treated as valid and complete, while the assessment of the taxable gift remained undisturbed. en-us Fri, 19 Jul 1974 00:00:00 +0530 Thu, 08 Apr 2010 18:31:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38765 Under section 22(1) of the Gift-tax Act, an appeal lies only where the assessee disputes the value of the taxable gift, the amount of tax determined, or liability to assessment; since none of those objections was raised, the appellate authorities had no jurisdiction to entertain the appeals. The document also states that a gift can be completed by properly recorded book entries when the donor is divested of dominion and the donee acquires control, even without physical delivery. On the facts noted, the transfer through the firm's books was treated as valid and complete, while the assessment of the taxable gift remained undisturbed. Case-Laws Income Tax Fri, 19 Jul 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38765