Supreme Court · 2000 INSC 481 · Decided 17 October 2000
Sri Jagatram Ahuja v. The Commissioner of Gift Tax, Hyderabad
- Court
- Supreme Court of India
- Citation
- 2000 INSC 481 · [2000] SUPP. 4 S.C.R. 1
- Case number
- CIVIL APPEAL No. 3137/1995
- Decided
- 17 October 2000
- Bench
- S.P. BHARUCHA, S.N. PHUKAN, SHIVARAJ V. PATIL (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
B Gift Tar, Act, 1958-Section 2 (xii), (xiv)-Release by partner of his rights in favour of another partner in assets of firm for a fvced consideration when the market value of assets in proportion to his share is in excess C thereof-Whether constitutes transfer of property for Gift tax not liable to Gift tax. Interpretation of Statutes : Words and phrases defined in one statute as judicially interpreted not a guide to construction of the same words or expressions in another statute unless both the statutes are para-materia legislations-Or there is a specific provision to
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