https://www.taxtmi.com/caselaws?id=456879 A transfer qualifies as a gift in contemplation of death only if it satisfies the attributes of a donatio mortis causa under section 191 of the Indian Succession Act, including apprehension of death and an intention that the transfer take effect only on death; amounts referable to medical or related expenditure may fall outside gift taxation. Section 40A(3) disallows cash expenditure for immovable property unless the payment falls within the limited exceptions in rule 6DD, and business expediency alone is insufficient. Amended section 40(a)(ia) requires fresh verification where retrospective relief may apply if the payee has returned the income and paid tax. en-us Mon, 30 Jan 2017 00:00:00 +0530 Thu, 22 Aug 2024 12:00:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456879 A transfer qualifies as a gift in contemplation of death only if it satisfies the attributes of a donatio mortis causa under section 191 of the Indian Succession Act, including apprehension of death and an intention that the transfer take effect only on death; amounts referable to medical or related expenditure may fall outside gift taxation. Section 40A(3) disallows cash expenditure for immovable property unless the payment falls within the limited exceptions in rule 6DD, and business expediency alone is insufficient. Amended section 40(a)(ia) requires fresh verification where retrospective relief may apply if the payee has returned the income and paid tax. Case-Laws Income Tax Mon, 30 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456879