https://www.taxtmi.com/caselaws?id=61799 A purely secular gift of immovable property by a Muslim donor did not fall within the protection of section 129 of the Transfer of Property Act and therefore required registration under section 17 of the Registration Act; the alleged 1954 oral gifts were complete only on registration in 1957 and remained within the gift-tax net for the relevant assessment year. The Gift-tax Officer's valuation was upheld because no material showed it to be excessive or unreasonable. Since the transfer was effective on registration, credit for stamp duty paid on the registered gift deeds was allowable as a statutory deduction. en-us Tue, 28 Aug 1990 00:00:00 +0530 Sat, 15 Jan 2011 11:09:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61799 A purely secular gift of immovable property by a Muslim donor did not fall within the protection of section 129 of the Transfer of Property Act and therefore required registration under section 17 of the Registration Act; the alleged 1954 oral gifts were complete only on registration in 1957 and remained within the gift-tax net for the relevant assessment year. The Gift-tax Officer's valuation was upheld because no material showed it to be excessive or unreasonable. Since the transfer was effective on registration, credit for stamp duty paid on the registered gift deeds was allowable as a statutory deduction. Case-Laws Income Tax Tue, 28 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61799