https://www.taxtmi.com/caselaws?id=8223 A wakf deed can constitute a "settlement" under the Estate Duty Act where it creates successive beneficial enjoyment among descendants and then for charitable purposes. The legal focus is on the succession of benefits, not merely on technical vesting of title, so the wakf property is treated as settled property. A power to amend the deed, alter beneficiaries, and vary shares may also amount to a reserved interest if it allows the settlor to include himself as a beneficiary and retain a life interest. A separate right of residence in specified properties was likewise treated as an interest retained by the settlor, making the exclusion proviso inapplicable and bringing the property within section 12. en-us Sun, 20 Aug 1871 00:00:00 +0521 Mon, 23 Jan 2012 14:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8223 A wakf deed can constitute a "settlement" under the Estate Duty Act where it creates successive beneficial enjoyment among descendants and then for charitable purposes. The legal focus is on the succession of benefits, not merely on technical vesting of title, so the wakf property is treated as settled property. A power to amend the deed, alter beneficiaries, and vary shares may also amount to a reserved interest if it allows the settlor to include himself as a beneficiary and retain a life interest. A separate right of residence in specified properties was likewise treated as an interest retained by the settlor, making the exclusion proviso inapplicable and bringing the property within section 12. Case-Laws Indian Laws Sun, 20 Aug 1871 00:00:00 +0521 https://www.taxtmi.com/caselaws?id=8223