Search Results Page
Search Results
1 - 10 of 12 (0.43 seconds)The Gift-Tax Act, 1958
Section 6 in The Hindu Succession Act, 1956 [Entire Act]
Sk.Sattar Sk.Mohd.Choudhari vs Gundappa Amabadas Bukate on 11 October, 1996
20. Further, the Hon'ble Supreme Court in the case of SK Sattar SK. Mohd Choudhari v. Gundappa Ambadas Bukate [ has held in respect family arrangement as under:
Commissioner Of Income-Tax vs Al. Ramanathan on 12 December, 1998
Held, that the dispute arose in the family and the family arrangement was arrived at in consultation with the panchayatdars and, accordingly, re-alignment of interest in several properties resulted. The family arrangement was arrived at in order to avoid continuous friction and to maintain peace among the family members. The family arrangement was governed by the Principles which were not applicable to dealings between strangers. So such re-alignment of interest by way of effecting family arrangements among the family members would not amount to transfer. The Tribunal found that the family arrangement was a bona fide one in as much as it was made voluntarily and not induced by any fraud or collusion and the conduct of the parties was consistent with the bona fide family arrangement particularly when it was arrived at in the present of panchayatadars. The family arrangement involved in the above case did not amount to transfer. Therefore, no capital gains arose.
Section 17 in The Registration Act, 1908 [Entire Act]
Maturi Pullaiah And Anr. vs Maturi Narasimham And Ors. on 1 March, 1966
17. First of all we will go through case law of Maturi Pullaiah v. Maturi Narasimham AIR 1966 SC 1836, wherein the Hon'ble Apex Court held as under: