https://www.taxtmi.com/caselaws?id=69988 Transfer of shares by a Hindu undivided family to married daughters in satisfaction of a maintenance obligation may be supported by consideration and therefore fall outside gift-tax. A daughter's claim to maintenance can be traced to her birthright in family property, and marriage does not necessarily extinguish that claim; a reasonable provision may be made at any time. The transfer may also be characterised as a family arrangement made to settle a family claim and preserve family honour. On the stated facts, the shares transferred were reasonable in relation to family wealth, so the transaction was not a taxable gift. en-us Mon, 20 Mar 1989 00:00:00 +0530 Wed, 13 Apr 2011 12:23:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69988 Transfer of shares by a Hindu undivided family to married daughters in satisfaction of a maintenance obligation may be supported by consideration and therefore fall outside gift-tax. A daughter's claim to maintenance can be traced to her birthright in family property, and marriage does not necessarily extinguish that claim; a reasonable provision may be made at any time. The transfer may also be characterised as a family arrangement made to settle a family claim and preserve family honour. On the stated facts, the shares transferred were reasonable in relation to family wealth, so the transaction was not a taxable gift. Case-Laws Income Tax Mon, 20 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69988