1965 (4) TMI 7

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....e Tribunal, Madras Bench, has stated the case and referred the following question of law for our decision : " Whether, on the facts and in the circumstances of the case, the assessee was entitled to the exemption in respect of G. K. Hospital and the adjoining land of 1.38 cents under section 5(1)(xiv) of the Gift-tax Act ? " The facts and circumstances of the case on which the above question....

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....satisfaction of the Gift-tax Officer to have been made bona fide for the purpose of such business, profession or vocation........... " Neither the gift deed nor a copy thereof has been annexed to or forwarded along with the statement of the case to this court. The attempt of the counsel for the revenue to tender a copy of the gift deed before us has been objected to by the counsel for the asses....

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....ased on the decision of the Supreme Court in State of Travancore-Cochin v. Shanmuga Vilas Cashewnut Factory. We are not satisfied that the principle of the said decision rendered in a totally different context and under totally different circumstances can be applied here. We hold that the first of the ingredients has been satisfied. Was the gift made for the purpose of the business ? is the nex....