725/CBDT.

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....e by him of the lesser of (a) an amount equal to the Stamp-duty paid (b) one half of the sum by which gift-tax payable before making deduction towards stamp duty exceeds Rs.1,000. 2. A question that arises in application of Section 18-A is regarding the meaning of the expression "gift-tax payable" occurring in that Section. There is no explanation to Section 18-A as in the case of Section 18 whic....