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of <h1>Court clarifies Rs. 1,60,000 for daughters' education, not marriage. Questions of law answered.</h1> The High Court of Madras upheld the Appellate Tribunal's decision regarding the provision of Rs. 1,60,000 by the assessee for his minor daughters, ... Gift Tax, Exemption The High Court of Madras ruled that the provision of Rs. 1,60,000 set apart by the assessee for his minor daughters was for education expenses only, not for marriage. The Appellate Tribunal's decision was upheld, and the questions of law were answered accordingly. No costs were awarded in this case.
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