1979 (1) TMI 98

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....f the High Court of Karnataka raises a question of interpretation of s. 10 of the E.D. Act, 1953. The deceased made a gift of his residential property to his wife on 27th November, 1957, and on his death, which occurred on 2nd August, 1963, the question arose whether the value of the residential property was liable to be included in the principal value of the estate passing on the death of the dec....

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.... wife. Section 10 cannot possibly be construed in a manner which would require the husband who has gifted residential house to the wife to live separately from her, if he wants to escape from the mischief of that section. Such an interpretation would subvert family life and social order and would be contrary to morality and good sense. When the residential house is gifted to wife and she obtains p....