https://www.taxtmi.com/caselaws?id=7796 A gift made by a practising doctor of his hospital and adjoining land to his son qualified for exemption under section 5(1)(xiv) of the Gift-tax Act, 1958 because it was made while the medical profession was being carried on and was connected with that profession. The court held that "in the course of" was satisfied on the admitted facts of ongoing practice, and that the "for the purpose of" requirement was met where the gift was made on grounds of commercial expediency to directly or indirectly facilitate the profession; actual profit or immediate benefit was not required. The assessee was therefore entitled to the exemption. en-us Fri, 02 Apr 1965 00:00:00 +0530 Thu, 19 Mar 2009 11:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7796 A gift made by a practising doctor of his hospital and adjoining land to his son qualified for exemption under section 5(1)(xiv) of the Gift-tax Act, 1958 because it was made while the medical profession was being carried on and was connected with that profession. The court held that "in the course of" was satisfied on the admitted facts of ongoing practice, and that the "for the purpose of" requirement was met where the gift was made on grounds of commercial expediency to directly or indirectly facilitate the profession; actual profit or immediate benefit was not required. The assessee was therefore entitled to the exemption. Case-Laws Income Tax Fri, 02 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7796