1986 (3) TMI 56 - HC - Income Tax

Summary

The High Court of Madhya Pradesh held that the assessee was not entitled to a deduction of Rs. 10,000 under section 5(1)(vii) of the Gift-tax Act, 1958. The Tribunal found that the gift made to Surekha was not eligible for the deduction as she was not related to or dependent on the assessee at the time of the gift. The court answered the question in the affirmative against the assessee.