https://www.taxtmi.com/caselaws?id=6792 Throwing self-acquired property into the common hotch-pot of a Hindu undivided family and later dividing it among family members does not amount to a gift under the Gift-tax Act, 1958. The article explains that the statutory definition of gift requires a voluntary transfer without consideration, and the inclusive definition of "transfer of property" does not extend to transactions that are not transfers in law. Blending separate property into joint family stock is treated under Hindu law as abandonment of separate rights and impressing the property with joint family character, not as a transfer between juristic entities. Section 4(d) was also inapplicable because the transaction was not an appropriation from vested joint property. en-us Thu, 12 Jan 1967 00:00:00 +0530 Mon, 02 Feb 2009 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6792 Throwing self-acquired property into the common hotch-pot of a Hindu undivided family and later dividing it among family members does not amount to a gift under the Gift-tax Act, 1958. The article explains that the statutory definition of gift requires a voluntary transfer without consideration, and the inclusive definition of "transfer of property" does not extend to transactions that are not transfers in law. Blending separate property into joint family stock is treated under Hindu law as abandonment of separate rights and impressing the property with joint family character, not as a transfer between juristic entities. Section 4(d) was also inapplicable because the transaction was not an appropriation from vested joint property. Case-Laws Income Tax Thu, 12 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6792