https://www.taxtmi.com/caselaws?id=18418 A bona fide family settlement is valid even where no existing dispute is shown at the time of the arrangement, because such settlements are designed to preserve family peace and prevent possible future conflict. On that basis, the transfer of property and capital under the registered settlement was treated as outside the mischief of section 2(xxiv)(d) of the Gift-tax Act, 1958, and no taxable gift arose from the arrangement. en-us Tue, 02 Jul 1996 00:00:00 +0530 Wed, 30 Sep 2009 17:26:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18418 A bona fide family settlement is valid even where no existing dispute is shown at the time of the arrangement, because such settlements are designed to preserve family peace and prevent possible future conflict. On that basis, the transfer of property and capital under the registered settlement was treated as outside the mischief of section 2(xxiv)(d) of the Gift-tax Act, 1958, and no taxable gift arose from the arrangement. Case-Laws Income Tax Tue, 02 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18418