https://www.taxtmi.com/caselaws?id=18995 Section 33(1)(o) of the Estate Duty Act operates independently of section 10: even where gifted property is deemed to pass on death under section 10, it may still be exempt if the gift was made to a specified close relative more than five years before the donor's death. The five-year condition is measured by the interval between the gift and death, not by the date the exemption clause was inserted. On that construction, a 1963 gift could qualify where the donor died after 1 April 1965, so the exemption remains available if the temporal condition is satisfied. en-us Thu, 23 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 12:35:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18995 Section 33(1)(o) of the Estate Duty Act operates independently of section 10: even where gifted property is deemed to pass on death under section 10, it may still be exempt if the gift was made to a specified close relative more than five years before the donor's death. The five-year condition is measured by the interval between the gift and death, not by the date the exemption clause was inserted. On that construction, a 1963 gift could qualify where the donor died after 1 April 1965, so the exemption remains available if the temporal condition is satisfied. Case-Laws Income Tax Thu, 23 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18995