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W.T.AS. NOS. 189 AND 190(PB) OF 1998-99, DECIDED ON 29TH JUNE, 2002. versus W.T.AS. NOS. 189 AND 190(PB) OF 1998-99, DECIDED ON 29TH JUNE, 2002.


Wealth Tax Act 1963 Section 16 Appraisal Gift Assessing Officer, rejecting the acquisition of the property that he had gifted some portion of the property is also included in net wealth First Appellate Authority assessed the value of the gift portion. Exempt from the gift certificate for validity was executed on 13 7 1988 but from the very beginning Stacy was declaring her property if the gift was a genuine document, then the reviewing officer at the earliest opportunity Why was it not presented in the matter of gift, Asudi said that the possession of the gifted property was handed over to the DD ie his mother. Or was it but her statement was on the Department records on 26 2 1997 that she stated that she was living in the upper part of the said property and that according to her statement, Issei was the part that was gifted to the mother. Apparently both the donor and David were living in the same area if Doody was not living in the alleged gift section of the property, then she was not in possession and no question of gift giving arose. While Kafil was living with his son, the gift work was not included. In the municipal record, the gift was not valid and the dismissing officer had rejected it at all and the order of the first appellate authority was not upheld. The order of the appellate authority was set aside and the appellate tribunal was restored.

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