https://www.taxtmi.com/caselaws?id=40219 Section 10 of the Estate Duty Act, 1953 applies only where gifted property is not immediately assumed and retained by the donee to the entire exclusion of the donor; because the settlor derived no retained benefit from the trust property, that provision did not bring the property into the estate. Section 12 applies only where the settlor reserves an interest in the settled property itself, such as a life interest, a right determinable by death, or a right of reversion; directions for pilgrimage expenses and religious or charitable spending at the settlor's instance were only collateral benefits and not a reserved interest. The trust property was therefore not includible as property deemed to pass on death. en-us Tue, 21 Jul 1998 00:00:00 +0530 Thu, 03 Jul 2014 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40219 Section 10 of the Estate Duty Act, 1953 applies only where gifted property is not immediately assumed and retained by the donee to the entire exclusion of the donor; because the settlor derived no retained benefit from the trust property, that provision did not bring the property into the estate. Section 12 applies only where the settlor reserves an interest in the settled property itself, such as a life interest, a right determinable by death, or a right of reversion; directions for pilgrimage expenses and religious or charitable spending at the settlor's instance were only collateral benefits and not a reserved interest. The trust property was therefore not includible as property deemed to pass on death. Case-Laws Income Tax Tue, 21 Jul 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40219