Supreme Court · 2022 INSC 1077 · Decided 13 October 2022
Deputy Commissioner of Gift Tax, Central Circle-Ii v. M/S BPL Limited
- Court
- Supreme Court of India
- Citation
- 2022 INSC 1077 · [2022] 14 S.C.R. 938
- Case number
- CIVIL APPEAL No. 3265/2016
- Decided
- 13 October 2022
- Bench
- SANJIV KHANNA, J.K. MAHESHWARI (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Gift Tax Act, 1958 - ss.4, 6 and Schedule II - Wealth Tax Act,1957 - Schedule III, Part A r.2(9) & r.2(11); Part C, rr.9 & 11; and Part H, r.21 - "Quoted" shares and "unquoted" shares - Equity shares in lock-in-period - Valuation 29,46,500 shares of M/s. BPL Sanyo Technologies Limited and 69,49,900 shares of M/s. BPL Sanyo Utilities and Appliances Limited to M/s. Celestial Finance Limited -Shares of M/s. BPL Sanyo Technologies Limited and M/s. BPL Sanyo Utilities and Appliances Limited, both public limited companies,
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