2001 (3) TMI 10

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....1972, had been accepted by the Department by an order made under section 171 of the Income-tax Act, 1961. Despite that, gift-tax proceedings were initiated for the assessment years 1979-80, 1980-81 and 1981-82. Those proceedings were rightly set aside in appeal by the Commissioner (Appeals). The Commissioner's finding was confirmed by the Tribunal. The Revenue has chosen to seek a reference with....