Gift taxable in whose hands

As per clubbing provision, in the hands of husband/donor.

the interest income as per provision of clubbing of income will be taxed in the hands of husband...

one needd to examine beneficial owner of such fund, secondly if it is gifted to wife for getting benefit of lower rate in wife ITR then tax payable in upper rate in husbands ITR, then interest on it will be taxed in husband, but if wife is also paying tax under higher tax slab due to other incomes, and motive behind the gift is natural (due fo love and affection, can be proved with instances and occassions viz. annieversary, birthday, other functions in a family) then clubbing provision will be not applicable.