This paper deals with the description of weak B − → D 0 , π 0 and D − → K 0 , π 0 transition form factors in both, the space-and time-like momentum transfer regions, within a constituent-quark model. To this aim neutrino-meson scattering and semileptonic weak decays are formulated within the framework of point-form relativistic quantum mechanics to end up with relativistic invariant process amplitudes from which meson transition currents and form factors are extracted in an unambiguous way. For space-like momentum transfers, these form factors depend on the frame in which the W M M vertex is considered. On physical grounds such a frame dependence is expected from a pure valence-quark picture, since a complete, frame independent description of form factors is supposed to require valence as well as non-valence contributions. Non-valence contributions, the most important being the Z-graphs, are, however, suppressed in the infinite-momentum frame (q 2 < 0). On the other hand, they can play a significant role in the Breit frame (q 2 < 0) and in the direct decay calculation (q 2 > 0), as a comparison with the infinite-momentum-frame form factors (analytically continued to q 2 > 0) reveals. Numerical results for the analytically continued infinite-momentum-frame form factors are found to agree very well with lattice data in the time-like momentum transfer region and also the experimental value for the slope of the F + B→D transition form factor at zero recoil is reproduced satisfactorily. Furthermore, these predictions satisfy heavyquark-symmetry constraints and their q 2 dependence is well approximated by a pole fit, reminiscent of a vector-meson-dominance-like decay mechanism. We discuss how such a decay mechanism can be accommodated within an extension of our constituent-quark model, by allowing for a non-valence component in the meson wave functions, and we also address the question of wrong cluster properties inherent in the formulation of relativistic quantum mechanics employed in this article.