https://www.taxtmi.com/caselaws?id=8476 A gift deed was construed in its factual context to determine whether it was made partly for the education of the donor's son and therefore qualified for exemption under the Gift-tax Act. The deed was treated as a composite arrangement covering the son's educational and general needs, so the exemption applied to the extent the gift was shown to be reasonable in the circumstances. A later clarification deed was accepted only as an aid to explain the original instrument and not as a post-event transaction altering its character. On that construction, the assessee was entitled to the claimed exemption. en-us Fri, 10 Dec 1971 00:00:00 +0530 Sun, 26 Apr 2009 22:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8476 A gift deed was construed in its factual context to determine whether it was made partly for the education of the donor's son and therefore qualified for exemption under the Gift-tax Act. The deed was treated as a composite arrangement covering the son's educational and general needs, so the exemption applied to the extent the gift was shown to be reasonable in the circumstances. A later clarification deed was accepted only as an aid to explain the original instrument and not as a post-event transaction altering its character. On that construction, the assessee was entitled to the claimed exemption. Case-Laws Income Tax Fri, 10 Dec 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8476