https://www.taxtmi.com/caselaws?id=14807 Insurance premia paid under a policy governed by the Married Women's Right to Property Act were not treated as a gift to the wife because the payment discharged an obligation under the insurance contract and did not effect an immediate transfer of property. The legal effect was that no element of gift arose from the premium payment, so it was not liable to gift-tax. The analysis relied on prior judicial authority that similar premia paid under a marriage property regime for the benefit of beneficiaries do not amount to gifts. en-us Mon, 10 Aug 1998 00:00:00 +0530 Sat, 18 Jul 2009 17:24:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14807 Insurance premia paid under a policy governed by the Married Women's Right to Property Act were not treated as a gift to the wife because the payment discharged an obligation under the insurance contract and did not effect an immediate transfer of property. The legal effect was that no element of gift arose from the premium payment, so it was not liable to gift-tax. The analysis relied on prior judicial authority that similar premia paid under a marriage property regime for the benefit of beneficiaries do not amount to gifts. Case-Laws Income Tax Mon, 10 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14807