https://www.taxtmi.com/caselaws?id=37704 Section 10 of the Estate Duty Act, 1953 applies only where the donee has not immediately assumed bona fide possession and enjoyment of the gifted property and has not retained it to the donor's entire exclusion. A transfer recorded in the firm's books, accepted by the firm, with the donee operating the account and using the money, showed effective possession and enjoyment by the donee. On those facts, the gift was not treated as property deemed to pass on death, and the amount was held not includible in the deceased's estate. en-us Wed, 05 Apr 1978 00:00:00 +0530 Wed, 31 Mar 2010 15:37:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37704 Section 10 of the Estate Duty Act, 1953 applies only where the donee has not immediately assumed bona fide possession and enjoyment of the gifted property and has not retained it to the donor's entire exclusion. A transfer recorded in the firm's books, accepted by the firm, with the donee operating the account and using the money, showed effective possession and enjoyment by the donee. On those facts, the gift was not treated as property deemed to pass on death, and the amount was held not includible in the deceased's estate. Case-Laws Income Tax Wed, 05 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37704