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2002 (9) TMI 20 - KERALA HIGH COURTGift Tax Act, 1958 - value of the gifted property - taxable gift -exemption under section 5(1)(vii) of the Gift-tax Act - respondent-assessee is an individual owning about 30 acres of rubber estate in Punalur. Out of the above, he had gifted one acre of rubber estate to his daughter at the time of her marriage – Held that the obligation of the Christian father to maintain his daughter obviously ceases when he has given her away in marriage and once the marriage takes place, the obligation to maintain her is that of her husband - In view of the finding rendered by the Tribunal that the gift in question is not exigible to tax under the Act, the question of valuation was not considered by the Tribunal. Now that this question is answered against the assessee, it is necessary to direct the Tribunal to consider the question of valuation.
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