https://www.taxtmi.com/caselaws?id=66012 On the death of a Hindu intestate, the heirs acquired vested shares immediately in the self-acquired estate, so the daughter's relinquishment of her separately vested share was treated as a gift and not a genuine family arrangement. The purported dispute in the deed was not accepted as bona fide for those properties, and the transfer remained liable to gift-tax. In contrast, as to the joint family properties, a possible dispute over the quantum of the daughter's share was recognised, so the settlement was accepted to that limited extent. The document was also found to have been procured under undue influence, and both the assessee's appeal and the Department's cross appeal were dismissed. en-us Wed, 31 Dec 1986 00:00:00 +0530 Sat, 19 Feb 2011 18:10:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66012 On the death of a Hindu intestate, the heirs acquired vested shares immediately in the self-acquired estate, so the daughter's relinquishment of her separately vested share was treated as a gift and not a genuine family arrangement. The purported dispute in the deed was not accepted as bona fide for those properties, and the transfer remained liable to gift-tax. In contrast, as to the joint family properties, a possible dispute over the quantum of the daughter's share was recognised, so the settlement was accepted to that limited extent. The document was also found to have been procured under undue influence, and both the assessee's appeal and the Department's cross appeal were dismissed. Case-Laws Income Tax Wed, 31 Dec 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66012