https://www.taxtmi.com/caselaws?id=62008 Delay in filing the appeal was condoned on sufficient cause, as the assessee's explanation and the time granted in related High Court proceedings justified the lateness. On merits, a transfer described as a partition deed was treated in substance as a gift because the transferor owned the properties and the essentials of gift under Mohammedan law-declaration, acceptance and delivery of possession-were satisfied. A restraint on alienation was held to be only a condition limiting the grant, not one that invalidated the gift. The valuation was also required to follow the Gift-tax Act's own mechanism, including reference to the Valuation Officer, and not Schedule III of the Wealth-tax Rules. en-us Mon, 19 Nov 2001 00:00:00 +0530 Mon, 17 Jan 2011 16:28:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62008 Delay in filing the appeal was condoned on sufficient cause, as the assessee's explanation and the time granted in related High Court proceedings justified the lateness. On merits, a transfer described as a partition deed was treated in substance as a gift because the transferor owned the properties and the essentials of gift under Mohammedan law-declaration, acceptance and delivery of possession-were satisfied. A restraint on alienation was held to be only a condition limiting the grant, not one that invalidated the gift. The valuation was also required to follow the Gift-tax Act's own mechanism, including reference to the Valuation Officer, and not Schedule III of the Wealth-tax Rules. Case-Laws Income Tax Mon, 19 Nov 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62008