S.C.M. Mohammed vs Commissioner Of Income Tax

Whether the Tribunal was right in interpreting the deed dated 5th August 1953 as gifting the corpus of the properties to the applicant rather than a life interest --- Held Yes. Whether the Tribunal correctly held that the donor's intention was not to give property to the applicant's children at the time of execution --- Held Yes. Whether the sum of Rs. 1,81,800 was rightly brought to tax under the Gift Tax Act --- Held Yes.