https://www.taxtmi.com/caselaws?id=36752 Section 10 of the Estate Duty Act applies only where the donee bona fide assumes possession and enjoyment of the gifted property and retains it to the entire exclusion of the donor, with any donor benefit traceable to the gift itself. Independent rights of the donor as a partner do not by themselves attract the provision unless the donor's continued benefit is referable to the gift. On the stated facts, the gifts were complete, the grandchildren received the amounts, and the later deposits in the partnership firm did not create a benefit in favour of the donor referable to the gifts; the amounts were therefore not includible in the deceased's estate. en-us Thu, 13 Sep 1979 00:00:00 +0530 Wed, 24 Mar 2010 12:43:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36752 Section 10 of the Estate Duty Act applies only where the donee bona fide assumes possession and enjoyment of the gifted property and retains it to the entire exclusion of the donor, with any donor benefit traceable to the gift itself. Independent rights of the donor as a partner do not by themselves attract the provision unless the donor's continued benefit is referable to the gift. On the stated facts, the gifts were complete, the grandchildren received the amounts, and the later deposits in the partnership firm did not create a benefit in favour of the donor referable to the gifts; the amounts were therefore not includible in the deceased's estate. Case-Laws Income Tax Thu, 13 Sep 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36752