https://www.taxtmi.com/caselaws?id=39941 Section 10 of the Estate Duty Act, 1953 applies where gifted property is not immediately taken into bona fide possession and enjoyment by the donee to the entire exclusion of the donor. Repeated renewal of fixed deposit receipts in the joint names of the donor and minor donee, renewal by the donor alone, and the donor's retained power to withdraw without the donee's concurrence showed that the donor had not fully divested control or benefit. The later encashment and reinvestment of one receipt within two years of death also attracted the provision. The receipts and their value were therefore includible in the donor's estate. en-us Thu, 31 Jul 1969 00:00:00 +0530 Sun, 10 Aug 2014 22:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39941 Section 10 of the Estate Duty Act, 1953 applies where gifted property is not immediately taken into bona fide possession and enjoyment by the donee to the entire exclusion of the donor. Repeated renewal of fixed deposit receipts in the joint names of the donor and minor donee, renewal by the donor alone, and the donor's retained power to withdraw without the donee's concurrence showed that the donor had not fully divested control or benefit. The later encashment and reinvestment of one receipt within two years of death also attracted the provision. The receipts and their value were therefore includible in the donor's estate. Case-Laws Indian Laws Thu, 31 Jul 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39941