https://www.taxtmi.com/caselaws?id=60043 A Hindu joint family arrangement setting apart funds for unmarried daughters' maintenance and education was treated as a family settlement made in discharge of a legal family obligation, not as a voluntary gift. The karta's power over joint family property was not defeated merely because he acted for a sole surviving coparcener, and the daughters' maintenance claim did not render the transfer void. Because the payment was supported by consideration in the form of a recognised legal obligation, it did not satisfy the definition of gift under the Gift-tax Act and was not a deemed gift either. The gift-tax assessment therefore could not be sustained. en-us Mon, 28 Jan 1985 00:00:00 +0530 Mon, 03 Jan 2011 14:49:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60043 A Hindu joint family arrangement setting apart funds for unmarried daughters' maintenance and education was treated as a family settlement made in discharge of a legal family obligation, not as a voluntary gift. The karta's power over joint family property was not defeated merely because he acted for a sole surviving coparcener, and the daughters' maintenance claim did not render the transfer void. Because the payment was supported by consideration in the form of a recognised legal obligation, it did not satisfy the definition of gift under the Gift-tax Act and was not a deemed gift either. The gift-tax assessment therefore could not be sustained. Case-Laws Income Tax Mon, 28 Jan 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60043