https://www.taxtmi.com/caselaws?id=27193 Where property is bought in a spouse's name with funds supplied by the purchaser, beneficial ownership turns on the intention at the time of acquisition. The court treated subsequent conduct, including the spouses' respective wealth-tax returns, as relevant evidence of whether the purchaser intended to retain a beneficial interest or to benefit the wife. On the materials available, it inferred that the deceased did not intend to keep any beneficial title. The site was therefore not includible in his estate under section 5 of the Estate Duty Act, and the claim succeeded in favour of the accountable person. en-us Tue, 26 Jun 1984 00:00:00 +0530 Thu, 11 Feb 2010 13:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27193 Where property is bought in a spouse's name with funds supplied by the purchaser, beneficial ownership turns on the intention at the time of acquisition. The court treated subsequent conduct, including the spouses' respective wealth-tax returns, as relevant evidence of whether the purchaser intended to retain a beneficial interest or to benefit the wife. On the materials available, it inferred that the deceased did not intend to keep any beneficial title. The site was therefore not includible in his estate under section 5 of the Estate Duty Act, and the claim succeeded in favour of the accountable person. Case-Laws Income Tax Tue, 26 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27193