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    <title>1970 (5) TMI 27 - Supreme Court</title>
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    <description>Throwing self-acquired property into the common stock of a Hindu undivided family does not amount to a taxable gift under the Gift-tax Act. Applying the same principle stated in the connected matter, the Supreme Court treated the transfer into the family hotchpotch as outside the scope of &quot;gift&quot; for gift-tax purposes. The reference was answered in the negative, and the assessee succeeded.</description>
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      <title>1970 (5) TMI 27 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=39946</link>
      <description>Throwing self-acquired property into the common stock of a Hindu undivided family does not amount to a taxable gift under the Gift-tax Act. Applying the same principle stated in the connected matter, the Supreme Court treated the transfer into the family hotchpotch as outside the scope of &quot;gift&quot; for gift-tax purposes. The reference was answered in the negative, and the assessee succeeded.</description>
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      <pubDate>Tue, 05 May 1970 00:00:00 +0530</pubDate>
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