https://www.taxtmi.com/caselaws?id=20732 Section 10 of the Estate Duty Act, 1953 applies to cash gifts only if the donee immediately assumes possession and enjoyment and retains it to the entire exclusion of the donor. In proving that the exemption is displaced, the Revenue must establish by cogent evidence not only the donor's continued benefit, but also the identity of the gifted cash with any later redeposited amount. Mere proof that equivalent sums were later deposited with the donor is insufficient unless the particular gifted money is linked to the redeposit and the absence of other funds with the donee is shown. On that reasoning, the burden under section 10 was not discharged and the provision was held inapplicable. en-us Mon, 25 Jan 1993 00:00:00 +0530 Mon, 16 Nov 2009 18:27:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20732 Section 10 of the Estate Duty Act, 1953 applies to cash gifts only if the donee immediately assumes possession and enjoyment and retains it to the entire exclusion of the donor. In proving that the exemption is displaced, the Revenue must establish by cogent evidence not only the donor's continued benefit, but also the identity of the gifted cash with any later redeposited amount. Mere proof that equivalent sums were later deposited with the donor is insufficient unless the particular gifted money is linked to the redeposit and the absence of other funds with the donee is shown. On that reasoning, the burden under section 10 was not discharged and the provision was held inapplicable. Case-Laws Income Tax Mon, 25 Jan 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20732