Supreme Court · 2013 INSC 50 · Decided 22 January 2013
Satya Nand Munjal v. Commissioner of Gift Tax, (Central), Ludhiana
- Court
- Supreme Court of India
- Citation
- 2013 INSC 50 · [2013] 1 S.C.R. 502
- Case number
- CIVIL APPEAL No. 3917/2010
- Decided
- 22 January 2013
- Bench
- D.K. JAIN, MADAN B. LOKUR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
Gift Tax Act, 1958 - ss. 168 and 168 (3) - Applicability of - Questions whether no interest uls. 168 was chargeable C and whether s. 168 (3) was applicable to the facts of the case - High Court had allowed the appeals relying on its judgment passed in two other appeals whereby it was held to pay interest on the gift tax levied - On appeal, held: The matter is remitted back to High Court, in D view of the fact that the judgment on which the High Court based its decision has been set aside by Supreme Court and that matter was remanded to the High Court for de nova consideration.
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