https://www.taxtmi.com/caselaws?id=68257 Customary ornaments presented to a bride at marriage, made in accordance with family usage and without a real intention to confer a voluntary transfer, were treated as outside the charge of gift-tax. The text also notes that valuation of gifted unquoted shares required reconsideration because the appellate authority had applied Rule 1D without reasons, and the additional ground on valuation was admitted as part of the same dispute. The share valuation issue was therefore remitted for fresh adjudication, while the marriage ornaments issue was decided in favour of the assessee. en-us Thu, 24 Jun 1982 00:00:00 +0530 Mon, 21 Jan 2013 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=68257 Customary ornaments presented to a bride at marriage, made in accordance with family usage and without a real intention to confer a voluntary transfer, were treated as outside the charge of gift-tax. The text also notes that valuation of gifted unquoted shares required reconsideration because the appellate authority had applied Rule 1D without reasons, and the additional ground on valuation was admitted as part of the same dispute. The share valuation issue was therefore remitted for fresh adjudication, while the marriage ornaments issue was decided in favour of the assessee. Case-Laws Income Tax Thu, 24 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=68257