https://www.taxtmi.com/caselaws?id=8867 Section 5(3) of the Gift-tax Act, 1958 was construed according to its plain language: a later gift by a spouse is caught if it is made out of property earlier received under section 5(1)(viii). The Court rejected reading a further temporal restriction into the exemption provision, holding that the yearly scheme of the Act did not justify adding words not found in the text. On that construction, the later gift satisfied the statutory conditions for taxation and the spouse exemption was unavailable. en-us Wed, 29 Nov 1972 00:00:00 +0530 Tue, 16 Jun 2009 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8867 Section 5(3) of the Gift-tax Act, 1958 was construed according to its plain language: a later gift by a spouse is caught if it is made out of property earlier received under section 5(1)(viii). The Court rejected reading a further temporal restriction into the exemption provision, holding that the yearly scheme of the Act did not justify adding words not found in the text. On that construction, the later gift satisfied the statutory conditions for taxation and the spouse exemption was unavailable. Case-Laws Income Tax Wed, 29 Nov 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8867