https://www.taxtmi.com/caselaws?id=17446 A Hindu undivided family qualifies as a "person" for the educational-gift exemption in section 5(1)(xii) of the Gift-tax Act, 1958, because the statute defines "person" to include an HUF unless the context otherwise requires. The expression "his children" was read contextually to include "its children" where the donor is an HUF, and the exemption clause was not confined to natural persons. Gifts made by the family for the education of the karta's daughters therefore fell within the exemption. en-us Thu, 18 Dec 1997 00:00:00 +0530 Tue, 22 Sep 2009 13:57:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17446 A Hindu undivided family qualifies as a "person" for the educational-gift exemption in section 5(1)(xii) of the Gift-tax Act, 1958, because the statute defines "person" to include an HUF unless the context otherwise requires. The expression "his children" was read contextually to include "its children" where the donor is an HUF, and the exemption clause was not confined to natural persons. Gifts made by the family for the education of the karta's daughters therefore fell within the exemption. Case-Laws Income Tax Thu, 18 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17446