https://www.taxtmi.com/caselaws?id=7123 Property inherited under section 8 of the Hindu Succession Act, 1956 from a deceased's separate or self-acquired estate remains the absolute property of the heir and is not converted into ancestral property. On that footing, where the heir allowed part of the inherited amount to be credited to his sons without consideration, the transfer amounted to a gift. The division was therefore treated as a taxable gift and liable to gift-tax. en-us Wed, 04 Jan 1967 00:00:00 +0530 Tue, 10 Feb 2009 19:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7123 Property inherited under section 8 of the Hindu Succession Act, 1956 from a deceased's separate or self-acquired estate remains the absolute property of the heir and is not converted into ancestral property. On that footing, where the heir allowed part of the inherited amount to be credited to his sons without consideration, the transfer amounted to a gift. The division was therefore treated as a taxable gift and liable to gift-tax. Case-Laws Income Tax Wed, 04 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7123