https://www.taxtmi.com/caselaws?id=36055 Section 10 of the Estate Duty Act, 1953 brings gifted property into the estate unless the donee proves bona fide possession and enjoyment to the entire exclusion of the donor. Continued residence by the donor with the donee in the unlet portion, by itself, does not establish a retained benefit or defeat exclusive enjoyment. By contrast, where rent from the gifted property is deposited in a joint account and the donor derives benefit from withdrawals, the exclusion requirement is not met. In that situation, the affected let-out portion is includible in the dutiable estate unless the accountable person proves a lesser extent. en-us Thu, 27 Sep 1979 00:00:00 +0530 Fri, 19 Mar 2010 11:05:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36055 Section 10 of the Estate Duty Act, 1953 brings gifted property into the estate unless the donee proves bona fide possession and enjoyment to the entire exclusion of the donor. Continued residence by the donor with the donee in the unlet portion, by itself, does not establish a retained benefit or defeat exclusive enjoyment. By contrast, where rent from the gifted property is deposited in a joint account and the donor derives benefit from withdrawals, the exclusion requirement is not met. In that situation, the affected let-out portion is includible in the dutiable estate unless the accountable person proves a lesser extent. Case-Laws Income Tax Thu, 27 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36055