The Appellate Tribunal and also the High Court found that the assessee Smt.
Leave granted in SLPs C Nos.
The appeal is against the judgment of the Gujarat High Court reported in Commr.
8804 of 1986 and 3117 of 1982.
In this appeal a companymon question of law that arises for companysideration is Whether on the facts and in the circumstances of the case, the transaction effected by release deed dated 12 7 1964 executed by the assessee is taxable within the meaning of the Gift Tax Act, 1958?
of Gift Tax v. Ansuya Sarabhai, 1982 133 ITR 108 Guj .
