https://www.taxtmi.com/caselaws?id=7548 Section 10 of the Estate Duty Act, 1953 applies by reference to the true subject-matter of the gift. Where transfers were made by book entries in an existing partnership business and the amounts remained subject to the rights and arrangement of the firm, the gifts were not unrestricted cash but transfers burdened by those partnership rights. The donor's continued control was attributable to the structure of the gift and the partnership framework, not to any independent reservation of benefit. On that basis, the gifted amounts were not treated as property deemed to pass on death, and no estate duty liability arose on the transferred sums. en-us Mon, 03 Mar 1969 00:00:00 +0530 Wed, 25 Feb 2009 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7548 Section 10 of the Estate Duty Act, 1953 applies by reference to the true subject-matter of the gift. Where transfers were made by book entries in an existing partnership business and the amounts remained subject to the rights and arrangement of the firm, the gifts were not unrestricted cash but transfers burdened by those partnership rights. The donor's continued control was attributable to the structure of the gift and the partnership framework, not to any independent reservation of benefit. On that basis, the gifted amounts were not treated as property deemed to pass on death, and no estate duty liability arose on the transferred sums. Case-Laws Income Tax Mon, 03 Mar 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7548