https://www.taxtmi.com/caselaws?id=61793 A non-resident's purchase of foreign currency demand drafts abroad and transmission of them to donees in India was treated as a gift of movable property situated outside the taxable territories; the place of encashment was not decisive, so the gift-tax levy was deleted. The educational exemption was applied on the basis of the donor's intention and the donees' present and future educational needs, with education treated as an ongoing process and no rigid monetary ceiling read into the provision. On the facts, the full amount was held to qualify for educational exemption, and the addition sustained by the first appellate authority was deleted. en-us Mon, 20 Nov 1989 00:00:00 +0530 Sat, 15 Jan 2011 10:57:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61793 A non-resident's purchase of foreign currency demand drafts abroad and transmission of them to donees in India was treated as a gift of movable property situated outside the taxable territories; the place of encashment was not decisive, so the gift-tax levy was deleted. The educational exemption was applied on the basis of the donor's intention and the donees' present and future educational needs, with education treated as an ongoing process and no rigid monetary ceiling read into the provision. On the facts, the full amount was held to qualify for educational exemption, and the addition sustained by the first appellate authority was deleted. Case-Laws Income Tax Mon, 20 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61793