https://www.taxtmi.com/caselaws?id=23625 A settlement deed that reserved enforceable benefits to the donor, including payments from the property income, a right of recourse against defaulting donees, a charge for arrears, and entry to take the yield on default, meant the donees did not enjoy the property to the complete exclusion of the donor. On those terms, the gifted properties were includible in the principal value of the estate on the donor's death under section 10 of the Estate Duty Act, and the provision applied against the accountable person in favour of the Revenue. en-us Thu, 16 Mar 1989 00:00:00 +0530 Tue, 22 Dec 2009 17:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23625 A settlement deed that reserved enforceable benefits to the donor, including payments from the property income, a right of recourse against defaulting donees, a charge for arrears, and entry to take the yield on default, meant the donees did not enjoy the property to the complete exclusion of the donor. On those terms, the gifted properties were includible in the principal value of the estate on the donor's death under section 10 of the Estate Duty Act, and the provision applied against the accountable person in favour of the Revenue. Case-Laws Income Tax Thu, 16 Mar 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23625