https://www.taxtmi.com/caselaws?id=9184 Section 12(1) of the Estate Duty Act, 1953 applies only where the settlor reserves an interest in the settled property for life or for a period determined by his death, and the Explanation is triggered only when maintenance is reserved for the settlor jointly with his relatives. A wakf creating a permanent dedication, with only a supervisory power to ensure administration according to the wakfnama, does not amount to a retained interest or a power to alter beneficiaries. Mere provision for the maintenance of the settlor's family or relatives is insufficient to bring the wakf properties into the dutiable estate. en-us Fri, 22 Dec 1972 00:00:00 +0530 Sat, 20 Jun 2009 11:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9184 Section 12(1) of the Estate Duty Act, 1953 applies only where the settlor reserves an interest in the settled property for life or for a period determined by his death, and the Explanation is triggered only when maintenance is reserved for the settlor jointly with his relatives. A wakf creating a permanent dedication, with only a supervisory power to ensure administration according to the wakfnama, does not amount to a retained interest or a power to alter beneficiaries. Mere provision for the maintenance of the settlor's family or relatives is insufficient to bring the wakf properties into the dutiable estate. Case-Laws Income Tax Fri, 22 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9184