https://www.taxtmi.com/caselaws?id=15546 A gift of movable property is complete when a voluntary transfer without consideration is effected, and completion is not postponed by the donee's minority, the maturity of the bonds, or any later contingency. On that basis, gifts of gold bonds made during the deceased's lifetime were treated as complete when declared and outside the reach of section 9 of the Estate Duty Act, 1953. The same principle applied to the partnership goodwill arrangement: the deceased's beneficial share was limited on the facts, and the alleged gift of goodwill to a minor was complete when made, so sections 9 and 10 did not justify enlarging the principal value of the estate. en-us Mon, 27 Jul 1998 00:00:00 +0530 Tue, 25 Aug 2009 18:26:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15546 A gift of movable property is complete when a voluntary transfer without consideration is effected, and completion is not postponed by the donee's minority, the maturity of the bonds, or any later contingency. On that basis, gifts of gold bonds made during the deceased's lifetime were treated as complete when declared and outside the reach of section 9 of the Estate Duty Act, 1953. The same principle applied to the partnership goodwill arrangement: the deceased's beneficial share was limited on the facts, and the alleged gift of goodwill to a minor was complete when made, so sections 9 and 10 did not justify enlarging the principal value of the estate. Case-Laws Income Tax Mon, 27 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15546