1991 (5) TMI 39 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled on the validity of gifts made from Hindu undivided family funds to daughters-in-law. The court referenced a similar case and answered questions in favor of the assessee, stating gifts were valid and not cross-gifts. The judgment was delivered by Judge S. S. Sodhi. (Case citation: 1991 (5) TMI 39 - Punjab and Haryana High Court)