https://www.taxtmi.com/caselaws?id=37664 Section 10 of the Estate Duty Act applied where a deceased had made a completed cash gift to his son, but the son left the money in the father's business and the father continued to enjoy its use. The gift was not retained by the donee to the entire exclusion of the donor, because the post-gift use of the money in the partnership was referable to the gifted cash itself and not to any reserved condition. The Rs. 15,000 was therefore includible in the principal value of the estate, and the issue was decided against the accountable person. en-us Tue, 21 Nov 1978 00:00:00 +0530 Wed, 31 Mar 2010 12:15:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37664 Section 10 of the Estate Duty Act applied where a deceased had made a completed cash gift to his son, but the son left the money in the father's business and the father continued to enjoy its use. The gift was not retained by the donee to the entire exclusion of the donor, because the post-gift use of the money in the partnership was referable to the gifted cash itself and not to any reserved condition. The Rs. 15,000 was therefore includible in the principal value of the estate, and the issue was decided against the accountable person. Case-Laws Income Tax Tue, 21 Nov 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37664