https://www.taxtmi.com/caselaws?id=17097 A gift of movable property is completed by delivery of possession, and where demand drafts purchased abroad are encashed in India and the proceeds are handed over there, the effective transfer occurs in India. On these facts, the court held that the gift was completed within Indian territory and therefore fell within the charging scope of the Gift-tax Act. The assessee's contention that the gift was made abroad was rejected, and the transaction was treated as taxable in India. en-us Tue, 21 Jan 1997 00:00:00 +0530 Tue, 15 Sep 2009 12:13:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17097 A gift of movable property is completed by delivery of possession, and where demand drafts purchased abroad are encashed in India and the proceeds are handed over there, the effective transfer occurs in India. On these facts, the court held that the gift was completed within Indian territory and therefore fell within the charging scope of the Gift-tax Act. The assessee's contention that the gift was made abroad was rejected, and the transaction was treated as taxable in India. Case-Laws Income Tax Tue, 21 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17097