Supreme Court · 2013 INSC 49 · Decided 22 January 2013
Satya Nano Munjal v. Commissioner of Gift Tax
- Court
- Supreme Court of India
- Citation
- 2013 INSC 49 · [2013] 1 S.C.R. 492
- Case number
- CIVIL APPEAL No. 3914/2010
- Decided
- 22 January 2013
- Bench
- D.K. JAIN, MADAN B. LOKUR (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
1 S.C.R. 492 SATYA NANO MUNJAL V. COMMISSIONER OF GIFT TAX (Civil Appeal No. 3914 of 2010) JANUARY 22, 2013 [D.K. JAIN AND MADAN B. LOKUR, JJ.) GIFT TAX ACT, 1958: c s. 4(1) (c) - Gift to include certain transfers - Revocable gift of equity shares made by assessee in February 1982, finally held treating bonus shares as gift by assessee - Upheld by High Court - Held: Since High Court has not noticed the provisions of s. 4 (1) (c), matter remanded to it for consideration afresh, keeping in view the provisions of s. 4 (1) (c) as also the assessment order for Assessment year E 1982-83.
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