https://www.taxtmi.com/caselaws?id=70185 Transfers of immovable property by a father to his minor daughters, made as provision for their maintenance, were treated as gifts for gift-tax purposes because the father's maintenance obligation under Hindu law and the Hindu Adoption and Maintenance Act, 1956 did not constitute consideration in money or monies worth. Although discharge of a maintenance duty may amount to valuable consideration in contract law, it does not satisfy the gift-tax definition. The transfers therefore did not fall outside the ambit of gift, and were liable to gift-tax. en-us Mon, 29 Oct 1979 00:00:00 +0530 Thu, 14 Apr 2011 17:30:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70185 Transfers of immovable property by a father to his minor daughters, made as provision for their maintenance, were treated as gifts for gift-tax purposes because the father's maintenance obligation under Hindu law and the Hindu Adoption and Maintenance Act, 1956 did not constitute consideration in money or monies worth. Although discharge of a maintenance duty may amount to valuable consideration in contract law, it does not satisfy the gift-tax definition. The transfers therefore did not fall outside the ambit of gift, and were liable to gift-tax. Case-Laws Income Tax Mon, 29 Oct 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70185