https://www.taxtmi.com/caselaws?id=36183 Section 10 of the Estate Duty Act applies only where the donor's retained enjoyment or benefit is traceable to the gift itself and not merely to independent surrounding arrangements. On the facts discussed, the gifted amounts credited as partnership capital did not confer any benefit on the deceased referable to the gifts, so the sum was not includible in the estate. The same principle was applied to the alleged goodwill component arising from the sons' admission to the partnership: because any advantage flowed from the partnership arrangement rather than from a reserved benefit under the gift, that amount also was not includible in the estate. en-us Wed, 23 Jan 1980 00:00:00 +0530 Fri, 19 Mar 2010 18:18:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36183 Section 10 of the Estate Duty Act applies only where the donor's retained enjoyment or benefit is traceable to the gift itself and not merely to independent surrounding arrangements. On the facts discussed, the gifted amounts credited as partnership capital did not confer any benefit on the deceased referable to the gifts, so the sum was not includible in the estate. The same principle was applied to the alleged goodwill component arising from the sons' admission to the partnership: because any advantage flowed from the partnership arrangement rather than from a reserved benefit under the gift, that amount also was not includible in the estate. Case-Laws Income Tax Wed, 23 Jan 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36183