Supreme Court · 1997 INSC 781 · Decided 2 December 1997
S. Viji v. Commissioner of Gift Tax
- Court
- Supreme Court of India
- Citation
- 1997 INSC 781 · [1997] SUPP. 6 S.C.R. 62
- Case number
- CIVIL APPEAL No. 6239/1990
- Decided
- 2 December 1997
- Bench
- S.C. SEN, V.N. KHARE (2-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
\'. COMMISSIONER OF GIFf TAX DECEMBER 2, 1997 B [SUHAS C. SEN AND V.N. KHARE, .JJ.) Gift Tax Act, 1958: Section 6(3). Unquoted share:i~Transfer of-Valuation--Balance Sheer-Preceding C or following the date of tramfe1~Retevancy of - AY 1973-74---Unquoted shares transferred on 28-3-1973-Held : 28-3- 1973--Howevei; the assessee is e11titled to poi11t out any valiation of assets of company betwee11 28.3. 1973 and 31.3.1973. D Unquoted shares of a company were transferred on 28- 3.1973 to the appellant-assessee during the assessment year 1973-74. The dispute was in relation to the
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