The applicant sought to press the gift tax reference but counsel was instructed not to due to the low tax incidence of less than Rs. 4.00 lakhs and the reference returned unanswered. The court left the question of law open for an appropriate case.
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IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
GIFT TAX REFERENCE NO.1 OF 1980
The Commissioner of Gift Tax....Applicant
Versus
Seth Arvind N. Mafatlal ..Respondent
Mr. P.S. Sahadevan,for the Applicant.
CORAM : F.I. REBELLO &
J.P. DEVADHAR, JJ. DATED : 23RD OCTOBER 2007
P.C.
| . | As | the tax incid | ence is les | s than Rs | .4.00 la | khs | |||
|---|---|---|---|---|---|---|---|---|---|
| learned | Counsel | states | that | he | has | inst | ructions | not to |
press |
| the | reference. | In | the | light | of | that | reference | returned | as |
unanswered. The question of law, if any, is left open for
consideration in an appropriate case.
(J.P. DEVADHAR, J.)
(F.I. REBELLO , J)
1 issue framed by the court
Whether the gift tax reference petition should be pressed forward given the tax incidence is less than Rs. 4.00 lakhs
The Commissioner of Gift Tax
Seth Arvind N. Mafatlal
F.I. REBELLO
J.P. DEVADHAR
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
