COMMISSIONER OF GIFT TAX, GUJARAT v. EXECUTORS & TRUSTEES OF THE ESTATE OF LATE SH. AMBALAL SARABHAI, AHMEDABAD (2)

Citation: [1988] 2 S.C.R. 341

Court: Supreme Court of India

Bench: S. NATARAJAN, M.N. VENKATACHALIAH

Case summary

1961 to increase its sharecapital by issue of additional 2000 shares at£ 10 each, the value of the shares constituting the subject-matter of the gifts which were transferred "ex-right" would stand depreciated....

Judgment text

1961 to increase its sharecapital by issue of additional 2000 shares at£ 10 each, the value of the shares constituting the subject-matter of the gifts which were transferred "ex-right" would stand depreciated....