1 abs IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION GIFT TAX REFERENCE NO. 1 OF 1993 The Commissioner of Gift Tax, Central-I, Bombay .. Applicant V/s Bakhtawar Construction Co. Pvt. Ltd. .. Respondent Mr. P.S. Sahadevan for the applicant. Mr. S.N. Inamdar for the respondent. CORAM : F.I. REBELLO & D.G. KARNIK, JJ. DATE : 17TH AUGUST 2009 P.C. : 1. Considering the finding of facts recorded in para 7.3 of the order of the Tribunal that there is no element of gift in the transaction, in our opinion, the question referred would not arise. Hence, the reference is disposed of accordingly. (D.G. KARNIK, J.) (F.I. REBELLO, J.)