https://www.taxtmi.com/caselaws?id=56354 A transfer of shares by a Hindu undivided family in discharge of its moral and legal obligation to make reasonable provision for a daughter's marriage was not a voluntary transfer without consideration, so it fell outside the definition of "gift" under the Gift-tax Act. The time gap between the marriage and the transfer was immaterial on the facts because the transfer was still occasioned by the marriage. Since the transaction was not a gift at all, exemption under the marriage-related provision was not attracted and no taxable gift arose. en-us Fri, 28 Aug 1992 00:00:00 +0530 Fri, 03 Dec 2010 12:17:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56354 A transfer of shares by a Hindu undivided family in discharge of its moral and legal obligation to make reasonable provision for a daughter's marriage was not a voluntary transfer without consideration, so it fell outside the definition of "gift" under the Gift-tax Act. The time gap between the marriage and the transfer was immaterial on the facts because the transfer was still occasioned by the marriage. Since the transaction was not a gift at all, exemption under the marriage-related provision was not attracted and no taxable gift arose. Case-Laws Income Tax Fri, 28 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56354