SATYABATI GOSWAMI Vs. COMMISSIONER OF GIFT TAX

JUDGEMENT

(1.) THE following questions of law have been referred under section 26(1) of the Gift-tax Act, 1958 (hereinafter referred to as "the Act"), by the Income-tax Appellate Tribunal, Gauhati Bench (hereinafter referred to as "the Tribunal") :

(2.) THE facts of the case may briefly be stated as follows :

(3.) THEREAFTER, the learned counsel for the applicants, on his prayer, was allowed to take the following additional ground in the appeal :