https://www.taxtmi.com/caselaws?id=62109 Payment of life insurance premia from a spouse's income was treated as part of family maintenance and discharge of a personal obligation, not a gratuitous transfer, so it did not amount to a taxable gift in favour of the husband. The analysis relied on the statutory duty of maintenance under the Hindu Adoptions and Maintenance Act, 1956, and the character of the policies as benefiting the wife and children under the Married Women's Property Act, 1874. After excluding that amount, the remaining fixed deposit gift of Rs. 50,000 fell within the claimed exemption under section 5(1)(viii) of the Gift-tax Act, 1958, leaving no taxable gift. en-us Thu, 13 Jan 1977 00:00:00 +0530 Mon, 23 Jan 2012 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62109 Payment of life insurance premia from a spouse's income was treated as part of family maintenance and discharge of a personal obligation, not a gratuitous transfer, so it did not amount to a taxable gift in favour of the husband. The analysis relied on the statutory duty of maintenance under the Hindu Adoptions and Maintenance Act, 1956, and the character of the policies as benefiting the wife and children under the Married Women's Property Act, 1874. After excluding that amount, the remaining fixed deposit gift of Rs. 50,000 fell within the claimed exemption under section 5(1)(viii) of the Gift-tax Act, 1958, leaving no taxable gift. Case-Laws Income Tax Thu, 13 Jan 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62109