https://www.taxtmi.com/caselaws?id=9023 For estate duty purposes, the court treated an unproved credit in favour of Muchhal Trust as part of the deceased's principal estate because there was no contemporaneous proof of an effective gift, authority for the entries, or possession by the trust during the deceased's lifetime. By contrast, gifts made by transfer entries to relatives were treated as transfers of an actionable claim: the donees obtained the right, interest was credited in their names, and the donor no longer retained possession or enjoyment to the exclusion of the donees. On that footing, section 10 of the Estate Duty Act was not attracted to those transfers. en-us Fri, 09 Mar 1973 00:00:00 +0530 Thu, 18 Jun 2009 17:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9023 For estate duty purposes, the court treated an unproved credit in favour of Muchhal Trust as part of the deceased's principal estate because there was no contemporaneous proof of an effective gift, authority for the entries, or possession by the trust during the deceased's lifetime. By contrast, gifts made by transfer entries to relatives were treated as transfers of an actionable claim: the donees obtained the right, interest was credited in their names, and the donor no longer retained possession or enjoyment to the exclusion of the donees. On that footing, section 10 of the Estate Duty Act was not attracted to those transfers. Case-Laws Income Tax Fri, 09 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9023