https://www.taxtmi.com/caselaws?id=8384 A relinquishment of a coparcenary share in joint Hindu family immovable property, made without consideration in favour of the deceased's sons, is treated as a disposition by extinguishment of rights and can be included in the estate as a gift under the Estate Duty Act where the transfer occurs within two years of death. By contrast, a cash gift does not fall within section 10 merely because the donees later deposit or invest the money with firms in which the donor was a partner, if the donees retain possession and enjoyment to the donor's entire exclusion. The text therefore distinguishes between a relinquished property interest, which is includible, and gifted money later placed with firms, which is not. en-us Wed, 10 Mar 1971 00:00:00 +0530 Fri, 10 Apr 2009 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8384 A relinquishment of a coparcenary share in joint Hindu family immovable property, made without consideration in favour of the deceased's sons, is treated as a disposition by extinguishment of rights and can be included in the estate as a gift under the Estate Duty Act where the transfer occurs within two years of death. By contrast, a cash gift does not fall within section 10 merely because the donees later deposit or invest the money with firms in which the donor was a partner, if the donees retain possession and enjoyment to the donor's entire exclusion. The text therefore distinguishes between a relinquished property interest, which is includible, and gifted money later placed with firms, which is not. Case-Laws Income Tax Wed, 10 Mar 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8384