https://www.taxtmi.com/caselaws?id=27195 For gift-tax purposes, the statutory definition of "gift" in the Gift-tax Act is self-contained and is not governed by the registration requirement for immovable property transfers under the Transfer of Property Act. A transaction may still qualify as a gift under that Act even if it is imperfect or invalid under the general law of property transfer, provided it falls within the statutory definition. On the facts, possession had been delivered and the donee had acted in a manner consistent with ownership, so the absence of a registered deed did not defeat gift-tax treatment. en-us Tue, 12 Feb 1985 00:00:00 +0530 Thu, 11 Feb 2010 13:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27195 For gift-tax purposes, the statutory definition of "gift" in the Gift-tax Act is self-contained and is not governed by the registration requirement for immovable property transfers under the Transfer of Property Act. A transaction may still qualify as a gift under that Act even if it is imperfect or invalid under the general law of property transfer, provided it falls within the statutory definition. On the facts, possession had been delivered and the donee had acted in a manner consistent with ownership, so the absence of a registered deed did not defeat gift-tax treatment. Case-Laws Income Tax Tue, 12 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27195