Huf - gift

My Wife as a Co Parcener of the HUF transferred some shares ( Worth in excess of Rs 50,000) to the HUF as a Gift. Post Transfer, WE came to know that although there will not be any Gift Tax, but in future, upon sale of the shares by the HUF the Capital Gains will be Clubbed to my wife. We do not want any Clubbing of income. ON a separate note, We also understand, Gift of shares to Relatives (her mom or my Mom) is both Tax free and there is No Clubbing of income. In this circumstances, Can the HUF Gift those shares to either her mom or my Mom, (who are not members of the HUF) as relatives, without any Gift taxation ? If the above is not feasible, can the shares be Gifted back to my wife from the HUF without any Tax issues and later she can Gift the shares to the relatives( Her mom or my Mom) without clubbing provisions? Many thanks for the advice Seetharaman