https://www.taxtmi.com/caselaws?id=7408 The Gift-tax Act fastens liability on the donor in respect of the taxable gift, and an association of individuals requires a common purpose or common action in relation to the transferred property. Where two separate owners execute one deed of gift in favour of the same donee, the joint form of execution does not by itself create an association of individuals for tax purposes. Tax incidence depends on the person who makes the gift of property belonging to him, not on the number of documents or the conveyancing form. On that reasoning, the donors could not be assessed as an association of individuals. en-us Fri, 04 Oct 1968 00:00:00 +0530 Thu, 19 Feb 2009 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7408 The Gift-tax Act fastens liability on the donor in respect of the taxable gift, and an association of individuals requires a common purpose or common action in relation to the transferred property. Where two separate owners execute one deed of gift in favour of the same donee, the joint form of execution does not by itself create an association of individuals for tax purposes. Tax incidence depends on the person who makes the gift of property belonging to him, not on the number of documents or the conveyancing form. On that reasoning, the donors could not be assessed as an association of individuals. Case-Laws Income Tax Fri, 04 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7408