https://www.taxtmi.com/caselaws?id=170519 Property purchased in a son's name under a completed gift did not form part of the deceased's estate, because later receipt of rents and references in a will did not create any beneficial ownership or power of alienation in the deceased. By contrast, N.G.P. notes purchased in the deceased's name and placed in joint savings accounts with wife and daughters were includible in the estate, since no proof showed contribution or independent title by the other joint holders and the deceased was treated as having died possessed of the assets. The house property was excluded, while the joint note funds and accrued interest were included. en-us Mon, 12 Sep 1966 00:00:00 +0530 Mon, 01 Jun 2015 16:43:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170519 Property purchased in a son's name under a completed gift did not form part of the deceased's estate, because later receipt of rents and references in a will did not create any beneficial ownership or power of alienation in the deceased. By contrast, N.G.P. notes purchased in the deceased's name and placed in joint savings accounts with wife and daughters were includible in the estate, since no proof showed contribution or independent title by the other joint holders and the deceased was treated as having died possessed of the assets. The house property was excluded, while the joint note funds and accrued interest were included. Case-Laws Income Tax Mon, 12 Sep 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170519