Mr A has a HUF. The HUF gifts Mr.B a car. Mr.B is Mr A's son.
Please tell the Tax Implications of such gift.
2 Replies
Saket Sinha
(Student)
(129 Points)
Replied 07 November 2012
Any gift given bu HUF is void ab initio . Huf cannot make any gift.
Tanpreet Singh
(articled assistant)
(29 Points)
Replied 07 November 2012
Could you please quote a Section or Case Law regarding the same.
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