https://www.taxtmi.com/caselaws?id=36826 Endorsement of a cheque by an assessee to his daughter was not a gift chargeable to gift-tax where the amount was, on the facts and agreement between the parties, intended for and payable to the daughter. The assessee had no beneficial interest in the money and acted only as a conduit in receiving and passing on the cheque. As there was no voluntary transfer of the assessee's own property or beneficial interest without consideration, no taxable gift arose under the Gift-tax Act, 1958; the question was answered in favour of the assessee. en-us Tue, 18 Sep 1979 00:00:00 +0530 Wed, 24 Mar 2010 17:49:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36826 Endorsement of a cheque by an assessee to his daughter was not a gift chargeable to gift-tax where the amount was, on the facts and agreement between the parties, intended for and payable to the daughter. The assessee had no beneficial interest in the money and acted only as a conduit in receiving and passing on the cheque. As there was no voluntary transfer of the assessee's own property or beneficial interest without consideration, no taxable gift arose under the Gift-tax Act, 1958; the question was answered in favour of the assessee. Case-Laws Income Tax Tue, 18 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36826