Supreme Court · 1987 INSC 113 · Decided 16 April 1987
Commissioner of Gift Tax Gujarat v. Chhotalal Mohanlal
- Court
- Supreme Court of India
- Citation
- 1987 INSC 113 · [1987] 2 S.C.R. 1042
- Case number
- CIVIL APPEAL No. 2027/1974
- Decided
- 16 April 1987
- Bench
- R.S. PATHAK, RANGANATH MISRA, M.M. DUTT (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution
Headnote
Gift Tax 'Act, 1958-Section 2(xii) & 4-Goodwill of partner- ship-Whether can be transfe"ed-Whether such transfer a 'gift'. ~ C Under a deed of partnership dated 12.11.1958, a firm by the name '4 M/s. Cbbotalal Vedilal came Into existence with Cbbotalal Mohanlal 1 (the assessee), 4 annas and S annas share respectively ~ in the firm. This position continued until on 9.11.1961 when a change took place in the constitution of the Orm. Under the new deed, D Pravincbandra Vedilal retired. One Ramnlklal Chhotalal became a partner with 4 · annas share. The share of the
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)