https://www.taxtmi.com/caselaws?id=39089 Trust funds credited to accounts controlled by the deceased remained fiduciary property, not ordinary debts, because the beneficiaries' rights were enforceable in trust despite later mixing with his business funds. Section 22 could not itself create estate duty chargeability, and section 10 was held confined to gifts simpliciter, not trust settlements without consideration, except within the amended statutory exception. Even where section 10 applied, only the original corpus could be treated as passing; later accretions and credited interest were excluded. Personal account balances for family members were treated as debts rather than trust moneys and were liable to abatement only where statutory conditions were met. en-us Wed, 03 Dec 1975 00:00:00 +0530 Mon, 12 Apr 2010 14:20:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39089 Trust funds credited to accounts controlled by the deceased remained fiduciary property, not ordinary debts, because the beneficiaries' rights were enforceable in trust despite later mixing with his business funds. Section 22 could not itself create estate duty chargeability, and section 10 was held confined to gifts simpliciter, not trust settlements without consideration, except within the amended statutory exception. Even where section 10 applied, only the original corpus could be treated as passing; later accretions and credited interest were excluded. Personal account balances for family members were treated as debts rather than trust moneys and were liable to abatement only where statutory conditions were met. Case-Laws Income Tax Wed, 03 Dec 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39089