https://www.taxtmi.com/caselaws?id=8344 A Hindu coparcener's unilateral blending of self-acquired movable and immovable property with the Hindu undivided family hotchpot does not amount to a transfer or gift for gift-tax purposes. The governing principle is that a mere declaration of throwing separate property into the common stock only merges the property with the joint family estate; it does not create a taxable transfer. On that basis, gift-tax liability does not arise because the essential element of a gift under the Act is absent. The Karnataka High Court's position is consistent with the Supreme Court view that such blending is not a transfer liable to gift-tax. en-us Mon, 24 May 1971 00:00:00 +0530 Fri, 10 Apr 2009 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8344 A Hindu coparcener's unilateral blending of self-acquired movable and immovable property with the Hindu undivided family hotchpot does not amount to a transfer or gift for gift-tax purposes. The governing principle is that a mere declaration of throwing separate property into the common stock only merges the property with the joint family estate; it does not create a taxable transfer. On that basis, gift-tax liability does not arise because the essential element of a gift under the Act is absent. The Karnataka High Court's position is consistent with the Supreme Court view that such blending is not a transfer liable to gift-tax. Case-Laws Income Tax Mon, 24 May 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8344