https://www.taxtmi.com/caselaws?id=7469 Estate duty applied to charitable trust property where the settlor did not effectively transfer immovable property to the trustees; a contemplated but unexecuted conveyance did not divest ownership. Gifted property also fell within the chargeable estate where the deceased retained enjoyment and control by collecting rents and using income, preventing exclusive possession or enjoyment by donees. Liabilities connected with property derived from the deceased were subject to abatement, including accumulated rents credited to donees' accounts. The stated principles support inclusion of the relevant trust and gifted properties and disallowance of related liabilities. en-us Mon, 25 Nov 1968 00:00:00 +0530 Fri, 20 Feb 2009 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7469 Estate duty applied to charitable trust property where the settlor did not effectively transfer immovable property to the trustees; a contemplated but unexecuted conveyance did not divest ownership. Gifted property also fell within the chargeable estate where the deceased retained enjoyment and control by collecting rents and using income, preventing exclusive possession or enjoyment by donees. Liabilities connected with property derived from the deceased were subject to abatement, including accumulated rents credited to donees' accounts. The stated principles support inclusion of the relevant trust and gifted properties and disallowance of related liabilities. Case-Laws Income Tax Mon, 25 Nov 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7469