https://www.taxtmi.com/caselaws?id=56113 A transfer of shares by a Hindu undivided family to a daughter in connection with her marriage was treated as a discharge of the family's moral and legal obligation, not a voluntary transfer without consideration. The expression "on the occasion of marriage" was read broadly enough to cover a transfer made about six months later, because the marriage remained the operative occasion for the transaction. On that footing, the transfer did not fall within the charging definition of a taxable gift under the Gift-tax Act, and exemption under section 5(1)(vii) did not become the basis of relief. en-us Fri, 28 Aug 1992 00:00:00 +0530 Wed, 01 Dec 2010 16:26:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56113 A transfer of shares by a Hindu undivided family to a daughter in connection with her marriage was treated as a discharge of the family's moral and legal obligation, not a voluntary transfer without consideration. The expression "on the occasion of marriage" was read broadly enough to cover a transfer made about six months later, because the marriage remained the operative occasion for the transaction. On that footing, the transfer did not fall within the charging definition of a taxable gift under the Gift-tax Act, and exemption under section 5(1)(vii) did not become the basis of relief. Case-Laws Income Tax Fri, 28 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56113