https://www.taxtmi.com/caselaws?id=55821 The Tribunal ruled that the surrender of partnership interest and profits to minors admitted to the partnership did not attract gift tax liability. The decision was based on partnership principles and gift tax provisions, leading to the dismissal of the Revenue's appeal and the assessee's cross objections. en-us Fri, 28 Dec 1979 00:00:00 +0530 Mon, 23 Jan 2012 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55821 The Tribunal ruled that the surrender of partnership interest and profits to minors admitted to the partnership did not attract gift tax liability. The decision was based on partnership principles and gift tax provisions, leading to the dismissal of the Revenue's appeal and the assessee's cross objections. Case-Laws Income Tax Fri, 28 Dec 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55821