1980 (6) TMI 75 - AT - Income Tax

Summary

The Departmental appeal under the GT Act challenged the AAC's deletion of the word "protective" from the GT assessment. The GTO considered a gift by HUF to be invalid, but the AAC found it valid and deleted the word "protective" from the assessment. The ITAT upheld the AAC's decision based on legal precedents, dismissing the Revenue's appeal.