https://www.taxtmi.com/caselaws?id=39887 A transfer of an actionable claim under section 130 of the Transfer of Property Act is effective only if the written instrument clearly shows a present intention to transfer and actually effectuates that transfer. A letter expressing only a future proposal, contemplated further drafting, or incomplete steps does not constitute a completed assignment or gift. On that reasoning, the letter of 3 May 1955 did not transfer the claim; the operative transfer occurred only on 19 September 1955, bringing the gift within the estate duty period. en-us Wed, 19 Apr 1967 00:00:00 +0530 Tue, 12 Aug 2014 09:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39887 A transfer of an actionable claim under section 130 of the Transfer of Property Act is effective only if the written instrument clearly shows a present intention to transfer and actually effectuates that transfer. A letter expressing only a future proposal, contemplated further drafting, or incomplete steps does not constitute a completed assignment or gift. On that reasoning, the letter of 3 May 1955 did not transfer the claim; the operative transfer occurred only on 19 September 1955, bringing the gift within the estate duty period. Case-Laws Income Tax Wed, 19 Apr 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39887