https://www.taxtmi.com/caselaws?id=67739 A gift made by a karta of a joint Hindu family out of HUF property to a family member is not void ab initio; it is only voidable at the instance of persons whose interests are affected. A stranger cannot challenge its validity, and gifts by a Hindu father or managing member may be valid within reasonable limits for pious purposes or family benefit. On that footing, the Department could not treat the transaction as warranting a protective assessment merely because it doubted validity, and deletion of the word "protective" from the gift-tax assessment was upheld. en-us Mon, 23 Jun 1980 00:00:00 +0530 Mon, 14 Mar 2011 12:55:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67739 A gift made by a karta of a joint Hindu family out of HUF property to a family member is not void ab initio; it is only voidable at the instance of persons whose interests are affected. A stranger cannot challenge its validity, and gifts by a Hindu father or managing member may be valid within reasonable limits for pious purposes or family benefit. On that footing, the Department could not treat the transaction as warranting a protective assessment merely because it doubted validity, and deletion of the word "protective" from the gift-tax assessment was upheld. Case-Laws Income Tax Mon, 23 Jun 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67739