1982 (3) TMI 50 - HC - Income Tax

Summary

The High Court of Madhya Pradesh upheld the decision of the Appellate Tribunal regarding a gift tax assessment. The Tribunal ruled that the Commissioner had the authority to remand the case to the Gift Tax Officer for reevaluation instead of annulling the assessment altogether. The court found that the Tribunal's decision was justified, and the applicant was directed to bear the costs of the reference.