https://www.taxtmi.com/caselaws?id=24816 Section 10 of the Estate Duty Act applies only where the donee does not retain bona fide possession and enjoyment of the gifted property to the donor's entire exclusion, or where the donor derives a benefit referable to the gift itself. A later benefit arising from the donor's status as a partner is not enough if that benefit is independent of the transfer. On the stated facts, the donees assumed possession immediately after the gift and the donor's participation in the firm was not connected to the gifted transfer, so the value of the property was not includible in the principal value of the estate. en-us Tue, 19 Jul 1988 00:00:00 +0530 Fri, 22 Jan 2010 15:49:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24816 Section 10 of the Estate Duty Act applies only where the donee does not retain bona fide possession and enjoyment of the gifted property to the donor's entire exclusion, or where the donor derives a benefit referable to the gift itself. A later benefit arising from the donor's status as a partner is not enough if that benefit is independent of the transfer. On the stated facts, the donees assumed possession immediately after the gift and the donor's participation in the firm was not connected to the gifted transfer, so the value of the property was not includible in the principal value of the estate. Case-Laws Income Tax Tue, 19 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24816