https://www.taxtmi.com/caselaws?id=25617 Allotment of land by a Hindu father to his daughters was not a taxable gift under the Gift-tax Act, 1958 because it was made in discharge of pre-existing legal obligations. For the married daughter, the provision was treated as a reasonable settlement of the father's duty under Hindu law and the Hindu Adoptions and Maintenance Act, rather than a voluntary transfer without consideration. For the unmarried daughter, the property was similarly set apart to meet maintenance and marriage-related obligations arising from general Hindu law. The transaction was therefore regarded as a family settlement and did not attract gift-tax. en-us Tue, 24 Feb 1987 00:00:00 +0530 Fri, 29 Jan 2010 17:14:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25617 Allotment of land by a Hindu father to his daughters was not a taxable gift under the Gift-tax Act, 1958 because it was made in discharge of pre-existing legal obligations. For the married daughter, the provision was treated as a reasonable settlement of the father's duty under Hindu law and the Hindu Adoptions and Maintenance Act, rather than a voluntary transfer without consideration. For the unmarried daughter, the property was similarly set apart to meet maintenance and marriage-related obligations arising from general Hindu law. The transaction was therefore regarded as a family settlement and did not attract gift-tax. Case-Laws Income Tax Tue, 24 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25617