1996 (9) TMI 67 - HC - Income Tax

Summary

The High Court dismissed the petition under section 26(3) of the Gift-tax Act, 1958, as no referable question of law arose from the Tribunal's order. The case involved a discrepancy in the status of the assessee declared in the return and the status used by the Gift-tax Officer for assessment. The Tribunal found that the assessment was invalid as the Gift-tax Officer used a status different from that declared in the return.