1970 (5) TMI 27

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..... Held that:- Since the donor happened to be a member of the Hindu undivided family to which the gift in question had been made, the gift to the extent of the donor's share in the said amount was exempt, he brought to tax the balance of amount under the provisions of the Gift-tax Act - Income-Tax Reference Case No 10 of 1969. - - - Dated:- 5-5-1970 - K. S. Hegde And J. C. Shah JJ. For th .....

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..... to be assessed as an individual. The facts of the case as could be gathered from the statement of case submitted by the Tribunal are as follows: The assessee had thrown into the common stock of his Hindu undivided family his National Defence Bonds of the value of rupees one lakh which was his self-acquired property. His family consisted of himself, his two sons and his wife. The question is .....

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