https://www.taxtmi.com/caselaws?id=11318 A bona fide family arrangement made to resolve a family dispute and preserve harmony is treated as valid when it is voluntary and intended to settle rival claims, even if one party's antecedent title is only assumed. On these facts, the partition deed and concessional lease were integral parts of the same family settlement and did not amount to a voluntary transfer in the nature of a gift. The transactions therefore fell outside the charging provisions for gift-tax under the Gift-tax Act, 1958, and were not taxable as gifts. en-us Tue, 10 Dec 2002 00:00:00 +0530 Thu, 06 Aug 2009 19:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11318 A bona fide family arrangement made to resolve a family dispute and preserve harmony is treated as valid when it is voluntary and intended to settle rival claims, even if one party's antecedent title is only assumed. On these facts, the partition deed and concessional lease were integral parts of the same family settlement and did not amount to a voluntary transfer in the nature of a gift. The transactions therefore fell outside the charging provisions for gift-tax under the Gift-tax Act, 1958, and were not taxable as gifts. Case-Laws Income Tax Tue, 10 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11318