COMMISSIONER OF GIFT TAX GUJARAT v. CHHOTALAL MOHANLAL

Citation: [1987] 2 S.C.R. 1042

Court: Supreme Court of India

Bench: R.S. PATHAK, RANGANATH MISRA, M.M. DUTT

Case summary

could not be subject-matter of a gift as the trans- ~ fer did not relate to existing property. In further appeal by the assessee the Tribunal held that in the circumstances of the case there could be no gift of goodwill.

Judgment text

could not be subject-matter of a gift as the trans- ~ fer did not relate to existing property. In further appeal by the assessee the Tribunal held that in the circumstances of the case there could be no gift of goodwill.