https://www.taxtmi.com/caselaws?id=61960 A gift by a parent to a son may qualify for exemption as a gift made for education under section 5(1)(xii) of the Gift-tax Act, 1958 if the donor's intention can be gathered from the deed and surrounding circumstances, even without an express recital of education. Here, the deed's reference to the donee's betterment, together with the fact that he was a medical student, supported treatment of the transfer as a composite gift for education and welfare. The exemption was then limited by the statutory reasonableness test, assessed against the donor's means, the nature of the education and family circumstances, and actual expenditure from the gifted property was not decisive. On those facts, exemption was considered reasonable only to the extent of Rs. 25,000. en-us Sat, 26 Jun 1982 00:00:00 +0530 Mon, 17 Jan 2011 12:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61960 A gift by a parent to a son may qualify for exemption as a gift made for education under section 5(1)(xii) of the Gift-tax Act, 1958 if the donor's intention can be gathered from the deed and surrounding circumstances, even without an express recital of education. Here, the deed's reference to the donee's betterment, together with the fact that he was a medical student, supported treatment of the transfer as a composite gift for education and welfare. The exemption was then limited by the statutory reasonableness test, assessed against the donor's means, the nature of the education and family circumstances, and actual expenditure from the gifted property was not decisive. On those facts, exemption was considered reasonable only to the extent of Rs. 25,000. Case-Laws Income Tax Sat, 26 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61960