https://www.taxtmi.com/caselaws?id=39977 Section 10 of the Estate Duty Act applies only where the donee does not bona fide assume possession and enjoyment on the gift and does not retain it to the donor's entire exclusion. A benefit kept by the donor must be referable to the gift itself, not to an independent right or relationship. On the stated facts, the house property was effectively transferred, the tenant relationship was attorned to the sons, and the donor's position as a partner did not amount to a retained benefit from the gift. The cash gift was credited to the sons' accounts and became payable to them with interest, so no includible benefit was shown. en-us Tue, 27 Feb 1973 00:00:00 +0530 Wed, 06 Aug 2014 17:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39977 Section 10 of the Estate Duty Act applies only where the donee does not bona fide assume possession and enjoyment on the gift and does not retain it to the donor's entire exclusion. A benefit kept by the donor must be referable to the gift itself, not to an independent right or relationship. On the stated facts, the house property was effectively transferred, the tenant relationship was attorned to the sons, and the donor's position as a partner did not amount to a retained benefit from the gift. The cash gift was credited to the sons' accounts and became payable to them with interest, so no includible benefit was shown. Case-Laws Income Tax Tue, 27 Feb 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39977