https://www.taxtmi.com/caselaws?id=27449 Section 10 of the Estate Duty Act, 1953 applies to gifts of immovable property where the donee does not immediately assume bona fide possession and enjoyment and continue to hold it to the donor's entire exclusion. On the stated facts, the donor retained possession and enjoyment of the gifted properties until the minor donees attained majority, and the recital that he acted as guardian did not alter the substance of that retention. The absence of any arrangement for accumulation of income or accounting to the minors reinforced that the donor was not excluded. Actual retention of possession and enjoyment was treated as sufficient to attract section 10. en-us Wed, 28 Sep 1983 00:00:00 +0530 Fri, 12 Feb 2010 18:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27449 Section 10 of the Estate Duty Act, 1953 applies to gifts of immovable property where the donee does not immediately assume bona fide possession and enjoyment and continue to hold it to the donor's entire exclusion. On the stated facts, the donor retained possession and enjoyment of the gifted properties until the minor donees attained majority, and the recital that he acted as guardian did not alter the substance of that retention. The absence of any arrangement for accumulation of income or accounting to the minors reinforced that the donor was not excluded. Actual retention of possession and enjoyment was treated as sufficient to attract section 10. Case-Laws Income Tax Wed, 28 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27449