https://www.taxtmi.com/caselaws?id=26614 Coparceners' withdrawals from Hindu undivided family funds were treated as evidence of a partial partition in the bigger HUF, so the amounts did not become individual absolute assets but formed smaller Hindu undivided family units. On that footing, gifts made by those minor HUF units to their respective wives did not qualify for exemption under section 5(1)(viii) of the Gift-tax Act, 1958. The legal consequence stated in the text is that the gifts remained liable to gift-tax. en-us Tue, 24 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 13:16:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26614 Coparceners' withdrawals from Hindu undivided family funds were treated as evidence of a partial partition in the bigger HUF, so the amounts did not become individual absolute assets but formed smaller Hindu undivided family units. On that footing, gifts made by those minor HUF units to their respective wives did not qualify for exemption under section 5(1)(viii) of the Gift-tax Act, 1958. The legal consequence stated in the text is that the gifts remained liable to gift-tax. Case-Laws Income Tax Tue, 24 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26614