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Issues: Whether a gift of immovable ancestral property made by a karta to his wife was void and, if so, not liable to gift-tax.
Analysis: A Hindu father or managing member has no power to make a gift of ancestral immovable property to his wife out of affection. Such a transfer is not protected by the limited exceptions recognised in Hindu law and, on the facts, could not be sustained.
Conclusion: The gift of immovable property was void and not liable to gift-tax, in favour of the assessee.
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