donations or gifts from outsiders and therefore the gift
made by Sardar Ajaib Singh of the 640 shares was not a valid
gift. He also ... Trust Deed empowering the receipt of such gifts. It was
further contended that the gift being conditional and
revocable was invalid
bona fide possession
and' enjoyment of the property gifted is assumed immediately
after the, gift by the donee and thenceforward retained to
the entire ... contract or otherwise must be referrable
to the property gifted because all the earlier conditions
stipulated in the section refer to the property gifted
which is the subject matter of the gift to the
exclusion of the donor immediately upon the gift and (2)
the donee must have retained ... contract or otherwise. Both these conditions are
cumulative. Unless each of these conditions is satisfied,
the property would be liable to estate duty under
conditions
hereinafter, contained. in this chapter."
Restrictions on the, rights of a bhumidhar to transfer a
holding by sale, gift, mortgage, lease and exchange
assessee filed a return
of gift tax for the assessment year 1964-65 in respect of
the gift of Rs. 50,000/- in favour ... daughters.
The Gift Tax Officer, however, took the view that in
addition to the gift of the aforesaid amount the assessee
had gifted
assessee filed a return
of gift tax for the assessment year 1964-65 in respect of
the gift of Rs. 50,000/- in favour ... daughters.
The Gift Tax Officer, however, took the view that in
addition to the gift of the aforesaid amount the assessee
had gifted
area. Clause (iii)
provides that no transfer, exchange, lease, mortgage,
bequest or gift can be made without the document therefore
duly registered. Sub-section ... prescribed
manner for transfer of the land to him on terms and
conditions in the said deed provided that no such
application shall be entertained
that
alternatively the Deed in question can be considered as a
"gift" under Art. 33 of Schedule 1 to the Stamp Act Mody ... possible to come
to the conclusion that the terms and conditions in the
agreements entered into by Uttamchand with those to whom he
had assigned
There is no dispute about the truth or the validity of the gifts made by the deceased on June ... deceased had any interest in the amounts gifted to his sons on June 30, 1954, after the gifts in question were made. Section
share of Subbappa as per the partition in 1938 and gifted to defendants 1 and 3 should not be disturbed though taken into consideration ... allowed with costs, but subject to the conditions hereinbefore set out. If any certificate under Section 6 of the Pensions Act is still necessary
