https://www.taxtmi.com/caselaws?id=7407 Under section 10 of the Estate Duty Act, a gift is includible in the estate unless the donee assumes and retains bona fide possession and enjoyment to the entire exclusion of the donor. Applying that test, a deposit of Rs. 25,000 made in a minor son's name was treated as included in the estate because the father continued to act as guardian and retained control and benefit over the fund. The agricultural properties gifted to sons were also included, as the donor managed them as attorney or guardian and appropriated the income, showing that the donees were not in exclusive possession and enjoyment. Both gifts therefore attracted estate duty. en-us Fri, 04 Oct 1968 00:00:00 +0530 Thu, 19 Feb 2009 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7407 Under section 10 of the Estate Duty Act, a gift is includible in the estate unless the donee assumes and retains bona fide possession and enjoyment to the entire exclusion of the donor. Applying that test, a deposit of Rs. 25,000 made in a minor son's name was treated as included in the estate because the father continued to act as guardian and retained control and benefit over the fund. The agricultural properties gifted to sons were also included, as the donor managed them as attorney or guardian and appropriated the income, showing that the donees were not in exclusive possession and enjoyment. Both gifts therefore attracted estate duty. Case-Laws Income Tax Fri, 04 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7407