https://www.taxtmi.com/caselaws?id=55304 Exemption for gifts made for a child's education under the Gift-tax Act depends on the capacity in which the donor acts and on whether the provision is reasonable at the time of the gift. A gift by a karta or sole surviving coparcener may be treated as personal where the surrounding circumstances show a separate provision for children, and the donee's own wealth does not by itself defeat relief. Applying that test, the educational gifts were held exempt in principle, with full exemption for Sheela and exemption of three-fifths for Amrita because the provision for her higher education was only partly reasonable. en-us Tue, 10 May 1988 00:00:00 +0530 Thu, 25 Nov 2010 13:17:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55304 Exemption for gifts made for a child's education under the Gift-tax Act depends on the capacity in which the donor acts and on whether the provision is reasonable at the time of the gift. A gift by a karta or sole surviving coparcener may be treated as personal where the surrounding circumstances show a separate provision for children, and the donee's own wealth does not by itself defeat relief. Applying that test, the educational gifts were held exempt in principle, with full exemption for Sheela and exemption of three-fifths for Amrita because the provision for her higher education was only partly reasonable. Case-Laws Income Tax Tue, 10 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55304