https://www.taxtmi.com/caselaws?id=7462 Gifted immovable property was includible in the principal value of the estate under section 10 of the Estate Duty Act, 1953, because the donees did not retain possession and enjoyment to the entire exclusion of the donor's benefit; the donor continued to derive a direct benefit by being relieved of his maintenance obligation to his wife and unmarried daughters. Section 12 did not apply, as the gifts were not structured for joint maintenance of the donor and relatives and no benefit was reserved for a period determinable by reference to the donor's death. The properties were therefore correctly brought into the estate for duty purposes. en-us Thu, 10 Oct 1968 00:00:00 +0530 Fri, 20 Feb 2009 12:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7462 Gifted immovable property was includible in the principal value of the estate under section 10 of the Estate Duty Act, 1953, because the donees did not retain possession and enjoyment to the entire exclusion of the donor's benefit; the donor continued to derive a direct benefit by being relieved of his maintenance obligation to his wife and unmarried daughters. Section 12 did not apply, as the gifts were not structured for joint maintenance of the donor and relatives and no benefit was reserved for a period determinable by reference to the donor's death. The properties were therefore correctly brought into the estate for duty purposes. Case-Laws Income Tax Thu, 10 Oct 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7462