https://www.taxtmi.com/caselaws?id=17633 The court held that the gift of assets by the karta of a Hindu undivided family to his sons was void under the Wealth-tax Act, 1957. Citing precedents, the court emphasized restrictions on gifts of ancestral property and undivided interests in coparcenary property to preserve joint ownership. The gift did not serve a pious or religious purpose, leading to its invalidation. The court rejected arguments for partial partition, upholding the Tribunal's decision that the gift was void. The ruling favored the Revenue over the applicant (assessee). en-us Mon, 25 Mar 1996 00:00:00 +0530 Wed, 23 Sep 2009 17:40:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17633 The court held that the gift of assets by the karta of a Hindu undivided family to his sons was void under the Wealth-tax Act, 1957. Citing precedents, the court emphasized restrictions on gifts of ancestral property and undivided interests in coparcenary property to preserve joint ownership. The gift did not serve a pious or religious purpose, leading to its invalidation. The court rejected arguments for partial partition, upholding the Tribunal's decision that the gift was void. The ruling favored the Revenue over the applicant (assessee). Case-Laws Wealth-tax Mon, 25 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17633