https://www.taxtmi.com/caselaws?id=36704 Gifted land is not includible in the principal value of the estate under section 10 of the Estate Duty Act, 1953 where the donees took possession, pattas stood transferred in their names, and the donor's use of the rental income in his business did not by itself show retention of possession and enjoyment to the donor's entire exclusion. A donor's benefit must be clearly referable to the gift for section 10 to apply. The lineal descendant's half share in ancestral property was also excluded under section 34(1)(c), the Tribunal having followed binding precedent on the exclusion of that share from the estate valuation. en-us Tue, 15 Apr 1980 00:00:00 +0530 Wed, 24 Mar 2010 10:57:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36704 Gifted land is not includible in the principal value of the estate under section 10 of the Estate Duty Act, 1953 where the donees took possession, pattas stood transferred in their names, and the donor's use of the rental income in his business did not by itself show retention of possession and enjoyment to the donor's entire exclusion. A donor's benefit must be clearly referable to the gift for section 10 to apply. The lineal descendant's half share in ancestral property was also excluded under section 34(1)(c), the Tribunal having followed binding precedent on the exclusion of that share from the estate valuation. Case-Laws Income Tax Tue, 15 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36704