https://www.taxtmi.com/caselaws?id=28337 A deposit of money by a deceased into a controlled company can amount to a disposition and transfer of property under the Estate Duty Act where the funds become part of the company's resources and the deceased retains only the position of a creditor. Money is property for this purpose, and the interest received by the deceased is treated as a benefit accruing from the company. On that footing, section 17 applies and the deposited amount is includible in the estate passing on death. en-us Wed, 16 Feb 1983 00:00:00 +0530 Sat, 20 Feb 2010 14:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28337 A deposit of money by a deceased into a controlled company can amount to a disposition and transfer of property under the Estate Duty Act where the funds become part of the company's resources and the deceased retains only the position of a creditor. Money is property for this purpose, and the interest received by the deceased is treated as a benefit accruing from the company. On that footing, section 17 applies and the deposited amount is includible in the estate passing on death. Case-Laws Income Tax Wed, 16 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28337