https://www.taxtmi.com/caselaws?id=55223 Revisional jurisdiction under the Gift-tax Act extends to calling for further enquiry where an assessment appears to grant exemption without examining surrounding circumstances. In this matter, the exemption claim was based on gifts said to have been made in Jammu and Kashmir, but the admitted flow of funds, account openings, cheque issuances to trusts, and rapid rerouting of amounts raised concern about a possible colourable device. The Commissioner was entitled to look beyond the assessment record to verify whether the order was erroneous and prejudicial to revenue, and the assessment could be set aside for fresh consideration after proper enquiry. en-us Thu, 18 Apr 1991 00:00:00 +0530 Wed, 24 Nov 2010 16:27:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55223 Revisional jurisdiction under the Gift-tax Act extends to calling for further enquiry where an assessment appears to grant exemption without examining surrounding circumstances. In this matter, the exemption claim was based on gifts said to have been made in Jammu and Kashmir, but the admitted flow of funds, account openings, cheque issuances to trusts, and rapid rerouting of amounts raised concern about a possible colourable device. The Commissioner was entitled to look beyond the assessment record to verify whether the order was erroneous and prejudicial to revenue, and the assessment could be set aside for fresh consideration after proper enquiry. Case-Laws Income Tax Thu, 18 Apr 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55223