1991 (5) TMI 31

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....s bunch of writ petitions is to the notice issued by the Gift-tax Officer to the petitioners on March 18, 1985, under section 16(1)(a) of the Gift-tax Act, 1958. The matter here pertains to the assessment year 1977-78. All the petitioners were partners of the firm, Messrs. Mahajan International. On December 31, 1986, in pursuance of an agreement for sale entered into between the parties, Mahaja....

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....r was sought to be taxed as a deemed gift under section 4(1)(a) of the Gift-tax Act, 1958, and as no return had been filed under the said Act, the impugned notice under section 16(1)(a) thereof was issued to all the petitioners. It is this notice that is now sought to be challenged in these writ petitions on various grounds primarily on the plea that the notice had been issued without jurisdiction....