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Section 10 – The Gift Tax Act, 1958

The Gift Tax Act, 1958

 

 

10. JURISDICTION OF ASSESSING OFFICERS AND POWER TO TRANSFER CASES. –

 

1[10. Jurisdiction of Assessing Officers and power to transfer cases.—(1) The provisions of sections 124 and 127 of the Income-tax Act shall, so far as may be, apply for the purposes of this Act as they apply for the purposes of the Income-tax Act, subject to the modifications specified in sub-section (2).

 

(2) The modifications referred to in sub-section (1) shall be the following namely :-

 

(a) in section 124 of the Income-tax Act, – (i) in sub-section (3), references to the provisions of the Income-tax Act shall be construed as references to the corresponding provisions of the Gift Tax Act; (ii) sub-section(5) shall be omitted;

 

(b) in section 127 of the Income-tax Act, in the Explanation below sub-section 2[(4)], references to proceedings under the Income-tax Act shall be construed as including references to proceedings under the Gift Tax Act.]

 

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1. Subs. by Act 4 of 1988, sec. 164 (w.e.f. 1-4-1988).

 

2. Subs. by Act 3 of 1989, sec. 82, for “(5)” (w.r.e.f. 1-4-1988).

 

 

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The Gift Tax Act, 1958

 

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