https://www.taxtmi.com/caselaws?id=310208 Gifts of agricultural land made out of natural love and affection were held not to be transfers for consideration for the purpose of the saving clause in Section 32FF of the PEPSU Tenancy and Agricultural Lands Act, 1955. The Court treated "consideration" in its contractual sense and held that a voluntary gift, by definition, is made without consideration; love and affection cannot be equated with valuable consideration. As a result, such gifts could not receive statutory protection under the provision, because extending the clause to them would undermine the Act's ceiling scheme. en-us Fri, 16 Feb 1979 00:00:00 +0530 Thu, 12 Oct 2023 11:32:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310208 Gifts of agricultural land made out of natural love and affection were held not to be transfers for consideration for the purpose of the saving clause in Section 32FF of the PEPSU Tenancy and Agricultural Lands Act, 1955. The Court treated "consideration" in its contractual sense and held that a voluntary gift, by definition, is made without consideration; love and affection cannot be equated with valuable consideration. As a result, such gifts could not receive statutory protection under the provision, because extending the clause to them would undermine the Act's ceiling scheme. Case-Laws Indian Laws Fri, 16 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310208