https://www.taxtmi.com/caselaws?id=7725 Section 10 of the Estate Duty Act applies only where the donee retains gifted property in bona fide possession and enjoyment to the entire exclusion of the donor or any benefit to the donor by contract or otherwise. On the stated facts, the gifted sum was repeatedly redeposited in partnership concerns in which the deceased had an interest, so the donor was not fully excluded from the subject-matter of the gift. Mere receipt of interest by the donee was insufficient to establish the required exclusion. The amount was therefore includible in the deceased's estate under section 10. en-us Mon, 09 Feb 1970 00:00:00 +0530 Wed, 18 Mar 2009 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7725 Section 10 of the Estate Duty Act applies only where the donee retains gifted property in bona fide possession and enjoyment to the entire exclusion of the donor or any benefit to the donor by contract or otherwise. On the stated facts, the gifted sum was repeatedly redeposited in partnership concerns in which the deceased had an interest, so the donor was not fully excluded from the subject-matter of the gift. Mere receipt of interest by the donee was insufficient to establish the required exclusion. The amount was therefore includible in the deceased's estate under section 10. Case-Laws Income Tax Mon, 09 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7725