https://www.taxtmi.com/caselaws?id=64927 Expenditure on family marriage did not amount to a taxable gift under the Gift-tax Act because a gift requires a voluntary transfer of existing property without consideration to a donee who acquires property, and marriage expenses involved no such transfer. The air-ticket purchased for a grandchild was treated as a transfer of movable property to the beneficiary and therefore fell within the statutory definition of gift. On that basis, the marriage expenditure was not taxable as a gift, while the air-ticket expenditure was taxable as a gift. en-us Mon, 15 May 1989 00:00:00 +0530 Wed, 01 Feb 2012 17:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64927 Expenditure on family marriage did not amount to a taxable gift under the Gift-tax Act because a gift requires a voluntary transfer of existing property without consideration to a donee who acquires property, and marriage expenses involved no such transfer. The air-ticket purchased for a grandchild was treated as a transfer of movable property to the beneficiary and therefore fell within the statutory definition of gift. On that basis, the marriage expenditure was not taxable as a gift, while the air-ticket expenditure was taxable as a gift. Case-Laws Income Tax Mon, 15 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64927