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    <title>1928 (4) TMI 2 - PRIVY COUNCIL</title>
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    <description>Where money for a joint bank deposit is supplied by the husband, Indian law does not apply the English presumption of advancement in favour of the wife merely because the deposit stands in both names or is payable to either or survivor. In the absence of proof of an actual gift, the deposit is treated as subject to a resulting trust in favour of the person who provided the funds. On the facts noted, the deposit and interest remained the husband&#039;s property and formed part of his estate. The decree was also varied so that relief was confined to a declaration on the deposit, leaving wider partition issues to final proceedings.</description>
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    <pubDate>Tue, 24 Apr 1928 00:00:00 +0530</pubDate>
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      <title>1928 (4) TMI 2 - PRIVY COUNCIL</title>
      <link>https://www.taxtmi.com/caselaws?id=273300</link>
      <description>Where money for a joint bank deposit is supplied by the husband, Indian law does not apply the English presumption of advancement in favour of the wife merely because the deposit stands in both names or is payable to either or survivor. In the absence of proof of an actual gift, the deposit is treated as subject to a resulting trust in favour of the person who provided the funds. On the facts noted, the deposit and interest remained the husband&#039;s property and formed part of his estate. The decree was also varied so that relief was confined to a declaration on the deposit, leaving wider partition issues to final proceedings.</description>
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      <pubDate>Tue, 24 Apr 1928 00:00:00 +0530</pubDate>
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