https://www.taxtmi.com/caselaws?id=26076 Section 10 of the Estate Duty Act applies only where the donor retains beneficial enjoyment of gifted property; absolute gifts managed by the deceased merely as agent for the donees do not attract inclusion in the estate, and account entries or receipt of income are insufficient without retained interest or personal enjoyment. Section 46 can operate only where the underlying liability qualifies as an allowance under section 44(a), namely a debt or incumbrance incurred bona fide for full consideration and for the deceased's own use and benefit. Debts arising from agency accountability to donees do not meet that requirement, so no abatement is available. en-us Tue, 11 Feb 1986 00:00:00 +0530 Tue, 02 Feb 2010 16:02:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26076 Section 10 of the Estate Duty Act applies only where the donor retains beneficial enjoyment of gifted property; absolute gifts managed by the deceased merely as agent for the donees do not attract inclusion in the estate, and account entries or receipt of income are insufficient without retained interest or personal enjoyment. Section 46 can operate only where the underlying liability qualifies as an allowance under section 44(a), namely a debt or incumbrance incurred bona fide for full consideration and for the deceased's own use and benefit. Debts arising from agency accountability to donees do not meet that requirement, so no abatement is available. Case-Laws Income Tax Tue, 11 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26076