Supreme Court · 1988 INSC 153 · Decided 6 May 1988
N.K. Sanghi, Partner of M/S Sanghi Brothers v. Controller of Estate Duty, Rajasthan
- Court
- Supreme Court of India
- Citation
- 1988 INSC 153 · [1988] SUPP. 1 S.C.R. 210
- Case number
- CIVIL APPEAL No. 608/1975
- Decided
- 6 May 1988
- Bench
- R.S. PATHAK, M.H. KANIA (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Constitution
Headnote
SANGHI, PARTNER OF MIS SANGHI BROTHERS v. CONTROLLER OF ESTATE DUTY, RAJASTHAN MAY 6, 1988 (R.S. PATHAK, CJ AND M.H. KANIA, J.] Estate Duty Act, 1953-Sections 10-'--Assessee-Gifted Rs.1 Lack to four sons-Amount invested by sons in partnership firm-Assessee and sons had shares in. 1, 1955. These amounts were invested by the sons in the firm known as Sangbi Brothers which was constituted by the said Moti­ lal soon after the gifts were made. Motilal Sanghi had an 8 annas share D in the firm; the four sons had a share of 2 annas each. Motilal Sangbi died on July 21,
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