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    <title>1981 (12) TMI 164 - Supreme Court</title>
    <link>https://www.taxtmi.com/caselaws?id=168633</link>
    <description>A sale of joint Hindu family property was examined for genuineness, and the Court found the deed was only partly supported by consideration, with surrounding circumstances showing a nominal transfer intended to deflect creditor pressure rather than a bona fide sale. The Court also restated that an alienation may bind sons only where it is made for a genuine antecedent debt not tainted by illegality or immorality and is conducted prudently. On the facts, the debts were not sufficiently proved as genuine in substance, and the consideration was grossly inadequate, so the transfer was not binding on the plaintiffs and the trial court&#039;s relief was restored.</description>
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    <pubDate>Tue, 08 Dec 1981 00:00:00 +0530</pubDate>
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      <title>1981 (12) TMI 164 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=168633</link>
      <description>A sale of joint Hindu family property was examined for genuineness, and the Court found the deed was only partly supported by consideration, with surrounding circumstances showing a nominal transfer intended to deflect creditor pressure rather than a bona fide sale. The Court also restated that an alienation may bind sons only where it is made for a genuine antecedent debt not tainted by illegality or immorality and is conducted prudently. On the facts, the debts were not sufficiently proved as genuine in substance, and the consideration was grossly inadequate, so the transfer was not binding on the plaintiffs and the trial court&#039;s relief was restored.</description>
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      <pubDate>Tue, 08 Dec 1981 00:00:00 +0530</pubDate>
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