https://www.taxtmi.com/caselaws?id=286836 Credit of money to an idol's account is not a valid gift under section 122 of the Transfer of Property Act because a gift requires a transfer to a living person, and a deity is not a living person within section 5. The transaction must instead be assessed as a Hindu religious dedication: a dedication is complete when the founder identifies the property and the object of dedication and divests beneficial interest, and acceptance by the deity is not required. On that footing, there was no valid gift, but there was a valid endowment in favour of the idol. en-us Fri, 09 Oct 1964 00:00:00 +0530 Tue, 17 Mar 2020 17:44:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286836 Credit of money to an idol's account is not a valid gift under section 122 of the Transfer of Property Act because a gift requires a transfer to a living person, and a deity is not a living person within section 5. The transaction must instead be assessed as a Hindu religious dedication: a dedication is complete when the founder identifies the property and the object of dedication and divests beneficial interest, and acceptance by the deity is not required. On that footing, there was no valid gift, but there was a valid endowment in favour of the idol. Case-Laws Income Tax Fri, 09 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286836