https://www.taxtmi.com/caselaws?id=25289 A composite settlement made in discharge of a father's obligation to maintain a minor son was treated as a transfer not shown to be supported by adequate consideration, and therefore not outside the Gift-tax Act, 1958. The education exemption under section 5(1)(xii) applies only to gifts specifically referable to children's education and reasonable in the circumstances. A settlement covering maintenance items such as food, clothing, residence, medical expenses and marriage expenses did not qualify, especially where the beneficiary was of very tender age and no specific provision for higher or specialised education was shown. en-us Fri, 10 Apr 1987 00:00:00 +0530 Wed, 27 Jan 2010 17:04:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25289 A composite settlement made in discharge of a father's obligation to maintain a minor son was treated as a transfer not shown to be supported by adequate consideration, and therefore not outside the Gift-tax Act, 1958. The education exemption under section 5(1)(xii) applies only to gifts specifically referable to children's education and reasonable in the circumstances. A settlement covering maintenance items such as food, clothing, residence, medical expenses and marriage expenses did not qualify, especially where the beneficiary was of very tender age and no specific provision for higher or specialised education was shown. Case-Laws Income Tax Fri, 10 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25289