2001 (2) TMI 1030

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... i Bench D under section 26(1) of the Gift-tax Act, 1958 ( the Act ) for opinion of this Court : Whether, on the facts and in the circumstances of the case, the Tribunal was justified in upholding the validity of the assessment made under section 15(5)/16(1)(a) of the Gift-tax Act ? Dispute relates to the assessment year 1975-76. 2. Factual position in a nutshell is as follows : Ass .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... tion 16(1) of the Act was served upon the assessee. Accordingly, assessment was completed under section 15(5) read with section 16(1)(a). Matter was carried in appeal before the AAC. Report submitted by the Assessing Officer was considered by the AAC with regard to the question regarding service of notice. He came to hold that notice was issued and served upon the assessee. In fact, the assessee h .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X