1978 (9) TMI 96 - AT - Income Tax

Summary

The Appellate Tribunal ITAT MADRAS-A declined to refer a question of law to the High Court regarding the application of s. 33(1)(o) of the E.D. Act in a case involving gifts made by a deceased to his sons. The Tribunal found that s. 33(1)(o) applied, exempting the gifts from inclusion in the estate value. The application was rejected. (Case Citation: 1978 (9) TMI 96 - ITAT MADRAS-A)