1990 (6) TMI 17

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... to this court for opinion by the Tribunal is : "Whether, on the facts and in the circumstances of the case, any of the aforesaid amounts was liable to be included in the principal value of the estate of the deceased under section 10 of the Estate Duty Act, 1953 ?" The deceased had gifted Rs. 1,50,000 and Rs. 50,000 to his wife, Subhadraben, and son, Pratap, respectively, on November 15, 1953. T .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... being no dispute about the facts, the Supreme Court decision in CED v. C. R. Ramachandra Gounder [1973] 88 ITR 448 (SC), which has been recently followed by the Supreme Court in the case of N. K. Sanghi v. CED [1988] 172 ITR 413, is squarely applicable. Accordingly, the question of law is answered in the negative and against the Revenue. No order as to costs.
Case laws, Decisions, Judgements, .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X