https://www.taxtmi.com/caselaws?id=28660 The court found the gift of Rs. 51,000 to the son to be valid based on evidence of the donor's intention, acceptance by the donee, and subsequent actions confirming the gift. The transfer of the amount through book entries between different firms supported the validity of the gift. The court ruled in favor of the assessee, concluding that the gift was validly executed, and directed the Commissioner to bear the costs of the reference. en-us Fri, 09 Jul 1982 00:00:00 +0530 Wed, 24 Feb 2010 15:59:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28660 The court found the gift of Rs. 51,000 to the son to be valid based on evidence of the donor's intention, acceptance by the donee, and subsequent actions confirming the gift. The transfer of the amount through book entries between different firms supported the validity of the gift. The court ruled in favor of the assessee, concluding that the gift was validly executed, and directed the Commissioner to bear the costs of the reference. Case-Laws Income Tax Fri, 09 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28660