2013 (1) TMI 627

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..... rder of the High Court has been set aside & remanded back for de novo consideration. In view thereof, the judgment and order in appeal in these cases is also set aside. - CIVIL APPEAL NO. 3916 to 3918 OF 2010 - - - Dated:- 22-1-2013 - D.K. Jain And Madan B. Lokur, JJ. JUDGMENT Madan B. Lokur, J. 1. Civil Appeal No. 3917/2010 (Assessee: Mr. Satya Nand Munjal), Civil Appeal .....

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..... e to this case. 3. The High Court allowed the appeals on the basis of the common judgment and order rendered in G.T.A. No. 2/2001 and G.T.A. No. 3/2001 holding, inter alia, that since gift tax was leviable on the revocable transfer of equity shares by the assessee to M/s Yogesh Chandra Brothers Associates, interest was liable to be paid by the assessee on the gift tax levied. 4. Feeling .....

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