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<h1>Oral Property Transfer for Dower Debt Invalid; Income Taxable</h1> The High Court of Madhya Pradesh held that an oral transfer of property to settle a dower debt without a registered document is invalid. Consequently, the ... Whether the income from the property transferred to the assessee`s wife could be assessed in the hands of the assessee u/s 16(3) - Held, yes The High Court of Madhya Pradesh ruled that an oral transfer of property in lieu of a dower debt without a registered document is ineffective. Therefore, the income from the property remains assessable in the assessee's income. The court directed the assessee to pay all costs of the reference.