https://www.taxtmi.com/caselaws?id=7957 A karta or Hindu father may gift ancestral movable property, but only within reasonable limits; a gift beyond those limits is not void ab initio and can be challenged by affected coparceners. The text notes that no material showed the gifts to the wives of the kartas were excessive in relation to family assets, so the Revenue's objection failed on that point. It also explains that sections 6, 8 and 13 of the Hindu Minority and Guardianship Act, 1956 do not govern a minor's undivided interest in joint family property in the same way as separate property, and the alleged interest deduction depended on the validity of the underlying gifts. en-us Fri, 22 May 1970 00:00:00 +0530 Thu, 26 Mar 2009 10:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7957 A karta or Hindu father may gift ancestral movable property, but only within reasonable limits; a gift beyond those limits is not void ab initio and can be challenged by affected coparceners. The text notes that no material showed the gifts to the wives of the kartas were excessive in relation to family assets, so the Revenue's objection failed on that point. It also explains that sections 6, 8 and 13 of the Hindu Minority and Guardianship Act, 1956 do not govern a minor's undivided interest in joint family property in the same way as separate property, and the alleged interest deduction depended on the validity of the underlying gifts. Case-Laws Income Tax Fri, 22 May 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7957