https://www.taxtmi.com/caselaws?id=36220 A partnership deed that expressly excludes goodwill on a partner's death prevents any interest in goodwill from passing to the estate, so the goodwill share is not brought into the principal value. Cash gifts made to relatives are likewise outside the dutiable estate where the donees take bona fide possession and enjoyment, and no retained benefit to the donor is shown to arise from the gift itself. Mere later deposit of the gifted money with the donor's partnership firm does not by itself attract estate duty under section 10. en-us Mon, 29 Sep 1980 00:00:00 +0530 Sat, 20 Mar 2010 11:16:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36220 A partnership deed that expressly excludes goodwill on a partner's death prevents any interest in goodwill from passing to the estate, so the goodwill share is not brought into the principal value. Cash gifts made to relatives are likewise outside the dutiable estate where the donees take bona fide possession and enjoyment, and no retained benefit to the donor is shown to arise from the gift itself. Mere later deposit of the gifted money with the donor's partnership firm does not by itself attract estate duty under section 10. Case-Laws Income Tax Mon, 29 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36220