https://www.taxtmi.com/caselaws?id=26467 A registered settlement deed that contained no annuity clause was treated, on its own terms, as an outright gift under section 4(1)(a) of the Gift-tax Act, 1958. A contemporaneous or later agreement could not be read with the completed deed to change the nature of the transfer or its valuation for gift-tax purposes, and the Act and Rules did not permit the revenue to rely on such an agreement to dilute the legal effect of the registered instrument. The Tribunal was therefore wrong to direct a fresh determination on that basis, and the issue was answered against the assessee and in favour of the Revenue. en-us Tue, 08 Apr 1986 00:00:00 +0530 Fri, 05 Feb 2010 11:58:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26467 A registered settlement deed that contained no annuity clause was treated, on its own terms, as an outright gift under section 4(1)(a) of the Gift-tax Act, 1958. A contemporaneous or later agreement could not be read with the completed deed to change the nature of the transfer or its valuation for gift-tax purposes, and the Act and Rules did not permit the revenue to rely on such an agreement to dilute the legal effect of the registered instrument. The Tribunal was therefore wrong to direct a fresh determination on that basis, and the issue was answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Tue, 08 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26467