https://www.taxtmi.com/caselaws?id=5676 The High Court held that gifts made by the assessee to his minor daughters for their maintenance were valid under Hindu law, even beyond the time of marriage. Considering the assets and proportion of gifts to total family assets, the gifts were deemed reasonable. The High Court ruled in favor of the assessee in both income-tax and wealth-tax assessments. The Supreme Court dismissed Revenue's appeal, stating that since the gifts were accepted as valid for gift-tax purposes, challenging them in income-tax and wealth-tax assessments was not permissible. The appeals were dismissed with no costs. en-us Tue, 06 May 1997 00:00:00 +0530 Thu, 27 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5676 The High Court held that gifts made by the assessee to his minor daughters for their maintenance were valid under Hindu law, even beyond the time of marriage. Considering the assets and proportion of gifts to total family assets, the gifts were deemed reasonable. The High Court ruled in favor of the assessee in both income-tax and wealth-tax assessments. The Supreme Court dismissed Revenue's appeal, stating that since the gifts were accepted as valid for gift-tax purposes, challenging them in income-tax and wealth-tax assessments was not permissible. The appeals were dismissed with no costs. Case-Laws Income Tax Tue, 06 May 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5676