https://www.taxtmi.com/circulars?id=8727 The Supreme Court held that declaration impressing self-acquired assets with the character of joint Hindu family property does not amount to a transfer under the Gift Tax Act. The Board directs withdrawal of departmental appeals on this point and requires that in assessee appeals the point be conceded, with Commissioners and Gift-tax officers issuing instructions and noting the legal position. en-us Mon, 17 Aug 1970 00:00:00 +0530 Wed, 25 May 2011 18:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=8727 The Supreme Court held that declaration impressing self-acquired assets with the character of joint Hindu family property does not amount to a transfer under the Gift Tax Act. The Board directs withdrawal of departmental appeals on this point and requires that in assessee appeals the point be conceded, with Commissioners and Gift-tax officers issuing instructions and noting the legal position. Circulars Income Tax Mon, 17 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/circulars?id=8727