Just a moment...

Report
ReportReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Report an Error
Type of Error :
Please tell us about the error :
Min 15 characters0/2000
TMI Blog
Home /

2002 (10) TMI 14

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r children', the Tribunal is right in law and fact in holding: (i) Christian father is under a legal obligation to maintain his daughter? (ii) Maintenance of a daughter includes getting her married; (iii) A reasonable amount paid at the time of marriage cannot be considered a gift liable to gift-tax; (iv) The property worth Rs. 1,50,000 transferred by the assessee to his daughter is not liable to gift-tax?" The matter arises under the Gift-tax Act, 1958 (for short "the Act"). The assessment year concerned is 1989-90. The respondent-assessee gifted away 8.14 acres of land at Perinad (Ranny) to her daughter as per a registered deed. The valuation of the property shown in the gift deed is Rs. 50,000. The assessee filed a return of gift sh....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....he assessing authority. Sri N. Venkitarama Iyer, learned counsel for the assessee, on the other hand, submits that none of the authorities including the Tribunal has considered the deed under which the assessee had transferred the property in favour of her daughter. Counsel submits that if the authorities perused the document it would have found that the transaction is one of settlement in consideration of the donee maintaining the assessee even after the marriage of the daughter. Counsel also read out the relevant portion of the document before us. We have considered the rival contentions. The admitted facts are that the assessee had gifted away 8.14 acres of land to her daughter at the time of the daughter's marriage through a registere....