https://www.taxtmi.com/caselaws?id=13914 A bona fide family settlement among co-owners was treated as outside the deeming provision for gift under section 4(1)(c) of the Gift-tax Act, 1958, because the Tribunal found as a fact that the arrangement was genuine and intended to resolve disputes, and that finding was not shown to be perverse. A memorandum recording an already completed family arrangement did not require compulsory registration, because it did not itself create, declare, assign, limit or extinguish rights in immovable property. The writing was only evidentiary and for convenience, so no registrable transfer arose. en-us Mon, 19 Mar 2001 00:00:00 +0530 Mon, 06 Jul 2009 10:44:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13914 A bona fide family settlement among co-owners was treated as outside the deeming provision for gift under section 4(1)(c) of the Gift-tax Act, 1958, because the Tribunal found as a fact that the arrangement was genuine and intended to resolve disputes, and that finding was not shown to be perverse. A memorandum recording an already completed family arrangement did not require compulsory registration, because it did not itself create, declare, assign, limit or extinguish rights in immovable property. The writing was only evidentiary and for convenience, so no registrable transfer arose. Case-Laws Income Tax Mon, 19 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13914