https://www.taxtmi.com/caselaws?id=39246 Section 10 of the Estate Duty Act applies only if the donor fails to retain the gifted property's possession and enjoyment to the donee's exclusion, or retains a legally enforceable benefit. The Madras HC held that the four houses and shares could not be included in the deceased's principal estate because the gifts had been acted upon: the donee managed the leases, collected rents, and the shares stood in her name. Mere crediting of rents and dividends to the donor's or a joint account did not prove retained enjoyment or any contractual or otherwise enforceable benefit. Section 10 was therefore not attracted. en-us Fri, 14 Mar 1975 00:00:00 +0530 Wed, 14 Apr 2010 10:45:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39246 Section 10 of the Estate Duty Act applies only if the donor fails to retain the gifted property's possession and enjoyment to the donee's exclusion, or retains a legally enforceable benefit. The Madras HC held that the four houses and shares could not be included in the deceased's principal estate because the gifts had been acted upon: the donee managed the leases, collected rents, and the shares stood in her name. Mere crediting of rents and dividends to the donor's or a joint account did not prove retained enjoyment or any contractual or otherwise enforceable benefit. Section 10 was therefore not attracted. Case-Laws Income Tax Fri, 14 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39246