Shyam Sunder Chowdhry vs Gift Tax Officer

Whether the Gift Tax Act, 1958 is ultra vires of Parliament under the Constitution of India --- Held No. Whether the Gift Tax Act, 1958 is invalid insofar as it taxes gifts of lands and buildings, which fall under Entry 49 of List II (State List) of the Seventh Schedule --- Held No. Whether the Gift Tax Officer's order under section 4(c) of the Gift Tax Act, 1958, deeming a transaction as a gift without a finding of bona fides is valid --- Held No, and the matter remanded for reconsideration.