The Commissioner of Gift Tax applied for reference. Petitioner's counsel stated instructions not to press the reference as tax incidence was minimal. The court decided not to press the reference and left legal questions open.
No questions of law determined; reference not pressed.
This page shows the compact analysis of this judgement. The full analysis — procedural history, issue-by-issue holdings with ratio and obiter, advocates, and paragraph-level evidence for every claim — is being added to the record in batches and will appear here when this judgement has been through it.
IN THE HIGH COURT OF JUDICATURE AT BOMBAY
ORDINARY ORIGINAL CIVIL JURISDICTION
GIFT TAX REFERENCE NO.3 OF 1982
The Commissioner of Gift Tax....Applicant
Versus
H.D.Vasudeva ...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 should be pressed in light of the tax incidence being less than Rs. 4.00 lakhs.
Commissioner of Gift Tax
H.D. Vasudeva
F.I. Rebello
J.P. Devadhar
As recorded by the court registry
Judgements on the same questions, provisions and authorities, from every court
