https://www.taxtmi.com/caselaws?id=272675 The High Court determined that the transfer of shares by the deceased to the defendant was not a perfected gift but an imperfect transfer, as the transfer deed was not completed during the deceased's lifetime. The court rejected the notion of the transfer being a declaration of trust and emphasized the lack of equity to perfect an imperfect gift. Costs were allocated between the parties, with the plaintiff responsible for post-hearing costs and the defendant for pre-hearing costs. Witness testimonies were scrutinized for credibility, with more weight placed on documentary evidence supporting the wife's claim to ownership of the shares. en-us Wed, 02 Mar 1921 00:00:00 +0530 Fri, 11 May 2018 11:51:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272675 The High Court determined that the transfer of shares by the deceased to the defendant was not a perfected gift but an imperfect transfer, as the transfer deed was not completed during the deceased's lifetime. The court rejected the notion of the transfer being a declaration of trust and emphasized the lack of equity to perfect an imperfect gift. Costs were allocated between the parties, with the plaintiff responsible for post-hearing costs and the defendant for pre-hearing costs. Witness testimonies were scrutinized for credibility, with more weight placed on documentary evidence supporting the wife's claim to ownership of the shares. Case-Laws Indian Laws Wed, 02 Mar 1921 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272675