https://www.taxtmi.com/caselaws?id=26224 The High Court of Andhra Pradesh ruled in favor of the assessee in a case involving the validity of oral gifts and taxability of income from the gifted properties under the Income-tax Act. While the oral gift of a building was deemed valid, the oral gift of vacant land was not provable due to lack of registration. The court held that once the properties were transferred, the donor was not liable for tax on the income derived by the donees. The judgment favored the assessee, concluding that the income from the properties could not be taxed in her hands as she no longer owned them. en-us Tue, 28 Aug 1984 00:00:00 +0530 Wed, 03 Feb 2010 15:44:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26224 The High Court of Andhra Pradesh ruled in favor of the assessee in a case involving the validity of oral gifts and taxability of income from the gifted properties under the Income-tax Act. While the oral gift of a building was deemed valid, the oral gift of vacant land was not provable due to lack of registration. The court held that once the properties were transferred, the donor was not liable for tax on the income derived by the donees. The judgment favored the assessee, concluding that the income from the properties could not be taxed in her hands as she no longer owned them. Case-Laws Income Tax Tue, 28 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26224