https://www.taxtmi.com/caselaws?id=8463 Section 10 of the Estate Duty Act, 1953 applies where gifted property is not retained by the donee to the entire exclusion of the donor. A monetary gift made to the donor's minor sons and later introduced as capital of a partnership firm in which the donor was also a partner became a partnership asset, giving the donor an interest and dominion over it through the firm. On those facts, the donees did not keep the property to the donor's exclusion, so the gifted amount was treated as passing on death and includible in the estate. en-us Thu, 23 Sep 1971 00:00:00 +0530 Sun, 26 Apr 2009 22:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8463 Section 10 of the Estate Duty Act, 1953 applies where gifted property is not retained by the donee to the entire exclusion of the donor. A monetary gift made to the donor's minor sons and later introduced as capital of a partnership firm in which the donor was also a partner became a partnership asset, giving the donor an interest and dominion over it through the firm. On those facts, the donees did not keep the property to the donor's exclusion, so the gifted amount was treated as passing on death and includible in the estate. Case-Laws Income Tax Thu, 23 Sep 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8463