1969 (1) TMI 24 - SC - Income Tax

Summary

The respondent claimed gift-tax exemption for properties gifted to his son, Thomas, under section 5(1)(xiv) of the Gift-tax Act. The Tribunal and High Court of Kerala supported the respondent's claim. The High Court refused to consider a copy of the gift deed as evidence, prompting the Supreme Court to direct the Tribunal to provide a supplementary statement including the deed of gift for further review. No decision was made regarding costs at this stage.