https://www.taxtmi.com/caselaws?id=69644 The tribunal ruled in favor of the assessee, determining that the transfer of jewellery to her daughter at the time of her marriage was not a taxable gift but part of a family arrangement. The tribunal acknowledged the individual ownership of the jewellery by the assessee and the customary practice of using family jewellery for marriages within the HUF. It was established that the transfer was not without consideration as the assessee would be reimbursed by the joint family, leading to the annulment of the gift-tax assessment and allowing the appeal. en-us Tue, 15 Feb 1983 00:00:00 +0530 Mon, 11 Apr 2011 11:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69644 The tribunal ruled in favor of the assessee, determining that the transfer of jewellery to her daughter at the time of her marriage was not a taxable gift but part of a family arrangement. The tribunal acknowledged the individual ownership of the jewellery by the assessee and the customary practice of using family jewellery for marriages within the HUF. It was established that the transfer was not without consideration as the assessee would be reimbursed by the joint family, leading to the annulment of the gift-tax assessment and allowing the appeal. Case-Laws Income Tax Tue, 15 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69644