https://www.taxtmi.com/caselaws?id=18247 A gift deed transferring properties substantially and immediately to the donee did not attract section 10 of the Estate Duty Act, 1953, because the donor retained only a secured monthly maintenance allowance and not possession or enjoyment of the gifted property. The charge created under the deed was treated as a security arrangement, so no reserved benefit sufficient to defeat the transfer was established. The gift was also held to fall within section 33(1)(o) because it was made by a father in favour of his daughter more than five years before death. On that basis, the transaction was treated as exempt from estate duty. en-us Wed, 06 Mar 1996 00:00:00 +0530 Tue, 29 Sep 2009 16:37:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18247 A gift deed transferring properties substantially and immediately to the donee did not attract section 10 of the Estate Duty Act, 1953, because the donor retained only a secured monthly maintenance allowance and not possession or enjoyment of the gifted property. The charge created under the deed was treated as a security arrangement, so no reserved benefit sufficient to defeat the transfer was established. The gift was also held to fall within section 33(1)(o) because it was made by a father in favour of his daughter more than five years before death. On that basis, the transaction was treated as exempt from estate duty. Case-Laws Income Tax Wed, 06 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18247