1987 (4) TMI 34 - HC - Income Tax

Summary

The High Court of Bombay addressed two questions regarding gifts made by a deceased to his wife and son, and the deceased's share in a firm's goodwill. The court ruled in favor of the accountable person, citing relevant Supreme Court and previous High Court decisions. Both questions were answered in the negative, and no costs were awarded. (Case citation: 1987 (4) TMI 34 - BOMBAY High Court)