https://www.taxtmi.com/caselaws?id=70543 A gift made by a karta to his wife may qualify for exemption under section 5(1)(viii) of the Gift-tax Act where the gift is made in the capacity of husband rather than merely as manager of the Hindu undivided family. The fact that the gifted amount came from joint family property does not, by itself, defeat the exemption, and a sole surviving coparcener may deal with coparcenary property as if it were separate property. On that reasoning, the exemption was available on the facts discussed. en-us Sat, 23 Jun 1979 00:00:00 +0530 Sat, 16 Apr 2011 16:35:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70543 A gift made by a karta to his wife may qualify for exemption under section 5(1)(viii) of the Gift-tax Act where the gift is made in the capacity of husband rather than merely as manager of the Hindu undivided family. The fact that the gifted amount came from joint family property does not, by itself, defeat the exemption, and a sole surviving coparcener may deal with coparcenary property as if it were separate property. On that reasoning, the exemption was available on the facts discussed. Case-Laws Income Tax Sat, 23 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70543