1991 (8) TMI 29

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....the Gift-tax Act, 1958, the applicant sought for the following question : " Whether the Hon'ble Income-tax Appellate Tribunal was correct in law in upholding the decision of the Deputy Commissioner of Income-tax (Appeals), Agra, that there was no element of deemed gift under section 4(1)(a) of the Gift-tax Act, 1958, in the transaction of sale of land by the assessee ? " The findings recorde....