https://www.taxtmi.com/caselaws?id=27893 A gift completed by transfer entries in the books of account was treated as fully effected when the entries were made, because nothing further remained for the donor to do to divest himself of the money. The gifted amount then stood to the donee's credit and earned interest, and the donor's later association with the business under a family arrangement did not by itself show that the donee had returned the property to the joint family hotchpot or that the donor had resumed possession or enjoyment. On those facts, section 10 of the Estate Duty Act, 1953 was not attracted and the amount was not includible in the deceased donor's estate. en-us Fri, 13 Jan 1984 00:00:00 +0530 Tue, 16 Feb 2010 16:43:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27893 A gift completed by transfer entries in the books of account was treated as fully effected when the entries were made, because nothing further remained for the donor to do to divest himself of the money. The gifted amount then stood to the donee's credit and earned interest, and the donor's later association with the business under a family arrangement did not by itself show that the donee had returned the property to the joint family hotchpot or that the donor had resumed possession or enjoyment. On those facts, section 10 of the Estate Duty Act, 1953 was not attracted and the amount was not includible in the deceased donor's estate. Case-Laws Income Tax Fri, 13 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27893