https://www.taxtmi.com/caselaws?id=9096 Section 10 of the Estate Duty Act, 1953 applies only to the extent the donor was not excluded from bona fide possession and enjoyment after the gift; where the donee took possession and the donor retained only limited occupation, only the excluded portion is brought to charge. A deficit in the free estate cannot be set off against other estate assets under the estate duty scheme, because deductions operate only against property liable for the relevant debts and encumbrances. Rebate under section 34(2) is available only where the property is included in the principal value and duty is computed on it; if it is not so aggregated, no rebate arises. en-us Fri, 10 Aug 1973 00:00:00 +0530 Fri, 19 Jun 2009 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9096 Section 10 of the Estate Duty Act, 1953 applies only to the extent the donor was not excluded from bona fide possession and enjoyment after the gift; where the donee took possession and the donor retained only limited occupation, only the excluded portion is brought to charge. A deficit in the free estate cannot be set off against other estate assets under the estate duty scheme, because deductions operate only against property liable for the relevant debts and encumbrances. Rebate under section 34(2) is available only where the property is included in the principal value and duty is computed on it; if it is not so aggregated, no rebate arises. Case-Laws Income Tax Fri, 10 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9096