https://www.taxtmi.com/caselaws?id=8784 An ancestral Hindu family property transferred by a karta cannot be treated as a taxable gift unless the Revenue establishes that the property was the settlor's self-acquired property. On the facts stated, the settlement deed referred to ancestral properties and there was no material to prove self-acquisition, so the Gift-tax Act could not be invoked on a gift basis. Because the levy failed, the consequential recovery proceedings against the donees also had no legal foundation and were unsustainable. en-us Tue, 12 Sep 1972 00:00:00 +0530 Thu, 04 Jun 2009 16:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8784 An ancestral Hindu family property transferred by a karta cannot be treated as a taxable gift unless the Revenue establishes that the property was the settlor's self-acquired property. On the facts stated, the settlement deed referred to ancestral properties and there was no material to prove self-acquisition, so the Gift-tax Act could not be invoked on a gift basis. Because the levy failed, the consequential recovery proceedings against the donees also had no legal foundation and were unsustainable. Case-Laws Income Tax Tue, 12 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8784