https://www.taxtmi.com/caselaws?id=39979 Property settled absolutely with full power of alienation was not treated as passing under section 12 of the Estate Duty Act, 1953 because no life interest, determinable interest, reversion, or right of reclamation was reserved to the settlor. The annual payment and maintenance stipulations were not charged on the properties and, in the wife's deed, the language was only an unenforceable expression of hope. Section 10 also did not apply because the donees obtained bona fide possession and enjoyment, and no legally enforceable benefit to the donor remained. The estate duty assessment on the settled properties therefore failed. en-us Fri, 16 Mar 1973 00:00:00 +0530 Sat, 09 Jul 2016 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39979 Property settled absolutely with full power of alienation was not treated as passing under section 12 of the Estate Duty Act, 1953 because no life interest, determinable interest, reversion, or right of reclamation was reserved to the settlor. The annual payment and maintenance stipulations were not charged on the properties and, in the wife's deed, the language was only an unenforceable expression of hope. Section 10 also did not apply because the donees obtained bona fide possession and enjoyment, and no legally enforceable benefit to the donor remained. The estate duty assessment on the settled properties therefore failed. Case-Laws Indian Laws Fri, 16 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39979