SARDAR BAHADUR S. INDRA SINGH TRUST vs COMMISSIONER OF INCOME TAX, BENGAL

The Supreme Court addressed the validity of a gift made by Sardar Ajaib Singh under Section 66(1) of the Indian Income-tax Act, 1922, determining that the gift was valid but did not augment the assessee trust. The Court held that the assessee was not entitled to a refund of tax deducted at source on dividends from the gifted shares. The appeal was maintained under the Special Leave application, affirming the High Court's decision.