https://www.taxtmi.com/caselaws?id=14527 A gift remitted through banking channels by a non-resident donor was treated as movable property situated outside India because the underlying bank debt was located at the debtor's place of residence. Applying that situs principle, the Court held that the transfer made in Malaysia and remitted to the donee in India fell within the exemption under section 5(1)(ii) of the Gift-tax Act, 1958, and the assessee was entitled to exemption. en-us Mon, 22 Jan 2001 00:00:00 +0530 Fri, 17 Jul 2009 10:34:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14527 A gift remitted through banking channels by a non-resident donor was treated as movable property situated outside India because the underlying bank debt was located at the debtor's place of residence. Applying that situs principle, the Court held that the transfer made in Malaysia and remitted to the donee in India fell within the exemption under section 5(1)(ii) of the Gift-tax Act, 1958, and the assessee was entitled to exemption. Case-Laws Income Tax Mon, 22 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14527