https://www.taxtmi.com/caselaws?id=7455 Section 10 of the Estate Duty Act, 1953 applies where gifted property is not retained in the donee's bona fide possession and enjoyment to the entire exclusion of the donor. On the stated facts, a sum gifted to the deceased's brother but kept with a partnership firm in which the donor remained a partner was treated as part of the firm's assets, so the donor was not completely excluded from possession and enjoyment until death. The amount was therefore included in the principal value of the estate, and the referred question was answered in favour of the Revenue. en-us Thu, 19 Sep 1968 00:00:00 +0530 Fri, 20 Feb 2009 12:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7455 Section 10 of the Estate Duty Act, 1953 applies where gifted property is not retained in the donee's bona fide possession and enjoyment to the entire exclusion of the donor. On the stated facts, a sum gifted to the deceased's brother but kept with a partnership firm in which the donor remained a partner was treated as part of the firm's assets, so the donor was not completely excluded from possession and enjoyment until death. The amount was therefore included in the principal value of the estate, and the referred question was answered in favour of the Revenue. Case-Laws Income Tax Thu, 19 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7455