https://www.taxtmi.com/caselaws?id=66298 A gift by a sole surviving coparcener out of Hindu undivided family funds to his wife was treated as an alienation by him in his individual capacity because, under Mitakshara law, the joint family property is regarded as his separate property for that purpose. On that basis, the transfer was considered eligible for exemption under section 5(1)(viii) of the Gift-tax Act, 1958. The revenue's contrary precedents were distinguished on facts, and the addition to taxable gift was found unsustainable. en-us Tue, 14 Oct 1980 00:00:00 +0530 Wed, 23 Feb 2011 13:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66298 A gift by a sole surviving coparcener out of Hindu undivided family funds to his wife was treated as an alienation by him in his individual capacity because, under Mitakshara law, the joint family property is regarded as his separate property for that purpose. On that basis, the transfer was considered eligible for exemption under section 5(1)(viii) of the Gift-tax Act, 1958. The revenue's contrary precedents were distinguished on facts, and the addition to taxable gift was found unsustainable. Case-Laws Income Tax Tue, 14 Oct 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66298