https://www.taxtmi.com/caselaws?id=61344 Transfer of agricultural land under a family settlement and court decree was analysed under gift-tax law, with emphasis on whether a valid transfer had occurred without registration. The text states that an immovable-property gift requires a registered instrument, and absent registration title does not pass. It also notes that a collusive decree may bind the parties in civil law but does not bind the tax department. On those facts, the transaction was treated as not constituting a valid gift, and the land was not chargeable to gift-tax. en-us Mon, 31 Mar 1986 00:00:00 +0530 Wed, 12 Jan 2011 12:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61344 Transfer of agricultural land under a family settlement and court decree was analysed under gift-tax law, with emphasis on whether a valid transfer had occurred without registration. The text states that an immovable-property gift requires a registered instrument, and absent registration title does not pass. It also notes that a collusive decree may bind the parties in civil law but does not bind the tax department. On those facts, the transaction was treated as not constituting a valid gift, and the land was not chargeable to gift-tax. Case-Laws Income Tax Mon, 31 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61344