https://www.taxtmi.com/caselaws?id=28751 Gifted sums and goodwill were held not to fall within section 10 of the Estate Duty Act, 1953, because the donor's continued benefit from the partnership was attributable to independent rights as a partner, not retention of possession or enjoyment of the gifted property. The Court stated that section 10 is attracted only where the donor's post-gift enjoyment is clearly referable to the gift itself. On the facts, the donees' capital contributions and the partnership treatment of goodwill did not establish that the deceased retained a taxable interest in the assets. en-us Tue, 20 Jul 1982 00:00:00 +0530 Thu, 25 Feb 2010 14:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28751 Gifted sums and goodwill were held not to fall within section 10 of the Estate Duty Act, 1953, because the donor's continued benefit from the partnership was attributable to independent rights as a partner, not retention of possession or enjoyment of the gifted property. The Court stated that section 10 is attracted only where the donor's post-gift enjoyment is clearly referable to the gift itself. On the facts, the donees' capital contributions and the partnership treatment of goodwill did not establish that the deceased retained a taxable interest in the assets. Case-Laws Income Tax Tue, 20 Jul 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28751