https://www.taxtmi.com/caselaws?id=71807 A trust corpus transferred to a beneficiary within two years of the settlor's death was treated as an immediate gift inter vivos, because the settlor retained a revocation power and continued to benefit from the trust income, and the premature extinction of the trust was found to have occurred at his instance; the corpus was therefore includible in the estate for estate-duty purposes. Outstanding motor-car repair expenses were allowed as a deductible debt, as the evidence showed that the repairs had been incurred and remained unpaid, while an alleged miscellaneous liability was rejected for want of proof of its nature and subsistence at death. en-us Fri, 29 Jan 1993 00:00:00 +0530 Wed, 27 Apr 2011 11:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71807 A trust corpus transferred to a beneficiary within two years of the settlor's death was treated as an immediate gift inter vivos, because the settlor retained a revocation power and continued to benefit from the trust income, and the premature extinction of the trust was found to have occurred at his instance; the corpus was therefore includible in the estate for estate-duty purposes. Outstanding motor-car repair expenses were allowed as a deductible debt, as the evidence showed that the repairs had been incurred and remained unpaid, while an alleged miscellaneous liability was rejected for want of proof of its nature and subsistence at death. Case-Laws Income Tax Fri, 29 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71807