https://www.taxtmi.com/caselaws?id=70169 A gift is not exigible to gift-tax under the Gift-tax Act, 1958 unless it is complete in law through acceptance by or on behalf of the donee. The text reads the charging provision and statutory definitions harmoniously with section 122 of the Transfer of Property Act, 1882, treating acceptance as an essential element of a valid gift and noting that a gift is void if the donee dies before acceptance. On that basis, the contrary view that acceptance is unnecessary for taxability is rejected, and the answer on the stated facts is in favour of the assessee. en-us Mon, 11 Sep 1978 00:00:00 +0530 Mon, 23 Jan 2012 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70169 A gift is not exigible to gift-tax under the Gift-tax Act, 1958 unless it is complete in law through acceptance by or on behalf of the donee. The text reads the charging provision and statutory definitions harmoniously with section 122 of the Transfer of Property Act, 1882, treating acceptance as an essential element of a valid gift and noting that a gift is void if the donee dies before acceptance. On that basis, the contrary view that acceptance is unnecessary for taxability is rejected, and the answer on the stated facts is in favour of the assessee. Case-Laws Income Tax Mon, 11 Sep 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70169