https://www.taxtmi.com/caselaws?id=39983 Amounts transferred by the deceased to his children's accounts, but retained in the partnership business, were examined under the exclusion in section 10 of the Estate Duty Act, 1953. The controlling question was whether the deceased had been wholly excluded from possession and enjoyment of the gifted property and from the benefit arising from it. Applying the Court's earlier ruling on the same issue, the Court declined to reopen the point and held that the transferred amount was not chargeable to estate duty under section 10. The assessee therefore succeeded. en-us Mon, 05 Mar 1973 00:00:00 +0530 Mon, 01 Jun 2015 14:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39983 Amounts transferred by the deceased to his children's accounts, but retained in the partnership business, were examined under the exclusion in section 10 of the Estate Duty Act, 1953. The controlling question was whether the deceased had been wholly excluded from possession and enjoyment of the gifted property and from the benefit arising from it. Applying the Court's earlier ruling on the same issue, the Court declined to reopen the point and held that the transferred amount was not chargeable to estate duty under section 10. The assessee therefore succeeded. Case-Laws Indian Laws Mon, 05 Mar 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39983