https://www.taxtmi.com/caselaws?id=29359 Amounts transferred under relinquishment deeds were treated as transactions supported by consideration, not voluntary gifts, because the documents showed they were executed to settle disputes and secure relinquishment of property rights. Since a gift requires transfer without consideration, the presence of settlement-based consideration negatived the character of a gift. On that basis, section 10 of the Estate Duty Act, 1953 did not arise for application on the facts found. en-us Mon, 12 Jan 1981 00:00:00 +0530 Fri, 12 Mar 2010 13:33:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=29359 Amounts transferred under relinquishment deeds were treated as transactions supported by consideration, not voluntary gifts, because the documents showed they were executed to settle disputes and secure relinquishment of property rights. Since a gift requires transfer without consideration, the presence of settlement-based consideration negatived the character of a gift. On that basis, section 10 of the Estate Duty Act, 1953 did not arise for application on the facts found. Case-Laws Income Tax Mon, 12 Jan 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=29359