https://www.taxtmi.com/caselaws?id=28015 A family settlement deed following a demand for partition was treated as a genuine partition, not a gift, because the coparceners had already divided in status and the deceased took an annuity and life interest in the residential house in lieu of his share. Sections 9, 10 and 11 of the Estate Duty Act, 1953 did not apply: the disposition was outside the statutory period, there was no retained possession or continuing enjoyment of the gifted property, and there was no qualifying disposition or determination of a life interest. The residential house was chargeable under section 7 and valued under section 40, but the annuity could not be valued on the facts and was not liable to estate duty. en-us Tue, 28 Dec 1982 00:00:00 +0530 Wed, 17 Feb 2010 13:35:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28015 A family settlement deed following a demand for partition was treated as a genuine partition, not a gift, because the coparceners had already divided in status and the deceased took an annuity and life interest in the residential house in lieu of his share. Sections 9, 10 and 11 of the Estate Duty Act, 1953 did not apply: the disposition was outside the statutory period, there was no retained possession or continuing enjoyment of the gifted property, and there was no qualifying disposition or determination of a life interest. The residential house was chargeable under section 7 and valued under section 40, but the annuity could not be valued on the facts and was not liable to estate duty. Case-Laws Income Tax Tue, 28 Dec 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28015