https://www.taxtmi.com/caselaws?id=286836 The Allahabad High Court held that there was no valid "gift" to the deity under section 122 of the Transfer of Property Act by Nanhi Devi. However, the court recognized an endowment in favor of the idol. The court clarified the distinction between gifts and religious endowments to deities, emphasizing the necessity of acceptance for gifts but not for endowments. The judgment elucidated the legal principles governing transactions involving Hindu deities, providing guidance on the requirements and implications of such arrangements. The court directed the judgment copy to be sent to the Income-tax Appellate Tribunal and awarded costs to the assessee. 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 The Allahabad High Court held that there was no valid "gift" to the deity under section 122 of the Transfer of Property Act by Nanhi Devi. However, the court recognized an endowment in favor of the idol. The court clarified the distinction between gifts and religious endowments to deities, emphasizing the necessity of acceptance for gifts but not for endowments. The judgment elucidated the legal principles governing transactions involving Hindu deities, providing guidance on the requirements and implications of such arrangements. The court directed the judgment copy to be sent to the Income-tax Appellate Tribunal and awarded costs to the assessee. Case-Laws Income Tax Fri, 09 Oct 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286836