https://www.taxtmi.com/caselaws?id=26867 A retained benefit under a trust deed can attract section 10 of the Estate Duty Act, 1953 where the settlor keeps a legally enforceable possibility of advantage, including trustee remuneration, even if the benefit is contingent and not actually drawn. The trust deed expressly provided for trustee remuneration, so the trust property was treated as includible in the deceased's estate. Section 7 was held inapplicable because it was confined to personal-law incidents and did not displace the operation of section 10 on these facts. The reference was answered for the Revenue, and the settled property remained liable to estate duty. en-us Fri, 28 Dec 1984 00:00:00 +0530 Tue, 09 Feb 2010 10:23:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26867 A retained benefit under a trust deed can attract section 10 of the Estate Duty Act, 1953 where the settlor keeps a legally enforceable possibility of advantage, including trustee remuneration, even if the benefit is contingent and not actually drawn. The trust deed expressly provided for trustee remuneration, so the trust property was treated as includible in the deceased's estate. Section 7 was held inapplicable because it was confined to personal-law incidents and did not displace the operation of section 10 on these facts. The reference was answered for the Revenue, and the settled property remained liable to estate duty. Case-Laws Income Tax Fri, 28 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26867