https://www.taxtmi.com/caselaws?id=25338 A qualified gift in a family society share, where the donor retained usufruct for life, was not treated as property passing on death under section 10 of the Estate Duty Act, 1953. The decisive point was that the donor's continued enjoyment was traceable to rights reserved under the gift deed itself, rather than to any independent post-gift benefit. On that footing, the gifted interest was not includible in the dutiable estate, and the position was against the Revenue and in favour of the accountable person. en-us Thu, 16 Apr 1987 00:00:00 +0530 Thu, 28 Jan 2010 10:33:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25338 A qualified gift in a family society share, where the donor retained usufruct for life, was not treated as property passing on death under section 10 of the Estate Duty Act, 1953. The decisive point was that the donor's continued enjoyment was traceable to rights reserved under the gift deed itself, rather than to any independent post-gift benefit. On that footing, the gifted interest was not includible in the dutiable estate, and the position was against the Revenue and in favour of the accountable person. Case-Laws Income Tax Thu, 16 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25338