https://www.taxtmi.com/caselaws?id=25186 Gifted property was held outside the principal value of the estate under section 10 of the Estate Duty Act because the donor did not appropriate the income, retain dominion over it, or derive a benefit; the minors' maintenance and education expenses were treated as expenditure for their benefit. The later partition or family arrangement also did not bring the property within section 9 read with Explanation 2 to section 2(15), since the earlier settlements were accepted as valid gifts with complete exclusion of the donor and no reliable material showed a legal basis for treating the same property as passing again. The estate duty additions were therefore rejected on both grounds. en-us Wed, 03 Feb 1988 00:00:00 +0530 Mon, 25 Jan 2010 18:36:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25186 Gifted property was held outside the principal value of the estate under section 10 of the Estate Duty Act because the donor did not appropriate the income, retain dominion over it, or derive a benefit; the minors' maintenance and education expenses were treated as expenditure for their benefit. The later partition or family arrangement also did not bring the property within section 9 read with Explanation 2 to section 2(15), since the earlier settlements were accepted as valid gifts with complete exclusion of the donor and no reliable material showed a legal basis for treating the same property as passing again. The estate duty additions were therefore rejected on both grounds. Case-Laws Income Tax Wed, 03 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25186