https://www.taxtmi.com/caselaws?id=120219 A transfer is taxable as a gift only if the Revenue proves that the property belonged to the assessee and was voluntarily passed without consideration. On the facts discussed, the amount was stated to have been entrusted by another person for onward transfer to his daughter, and the Revenue did not establish ownership by the assessee or a true donor-donee relationship. Non-disclosure as a liability in the wealth statement was held insufficient by itself. The transfer was therefore not a gift within section 2(xii), and the addition failed. en-us Fri, 31 Mar 2006 00:00:00 +0530 Sun, 20 Jan 2013 20:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120219 A transfer is taxable as a gift only if the Revenue proves that the property belonged to the assessee and was voluntarily passed without consideration. On the facts discussed, the amount was stated to have been entrusted by another person for onward transfer to his daughter, and the Revenue did not establish ownership by the assessee or a true donor-donee relationship. Non-disclosure as a liability in the wealth statement was held insufficient by itself. The transfer was therefore not a gift within section 2(xii), and the addition failed. Case-Laws Income Tax Fri, 31 Mar 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120219