2001 (2) TMI 132

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....eased in favour of his wife, includ ing those lands which the lady settled in favour of her relatives, from out of the lands received by her, could be included in the principal value of the estate passing on the death of the deceased? (2) Whether, on the facts and in the circumstances of the case, the value of the properties settled by him on his five settlees by documents dated December 28, 1956, was includible in the principal value of the estate on his death? (3) Whether, on the facts and in the circumstances of the case, the value of the agricultural lands received by the late P. S. Srinivasa Iyer by way of settlement from the late Shri Ganapathi Subramaniam could be included in the principal value of the estate of the deceased?" ....

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....s or manipulated or a make-believe. Transfers made to the settlees were by registered deeds. There is nothing to show that the settlees had not taken possession of these lands and enjoyed them for themselves. Some of the settlees of the deceased had alienated some of the lands. The deceased's wife had alienated a good portion of her lands and the alienations were recognised even by the High Court." In the opinion of the Tribunal, 'therefore, in law the settlement of June, 1956, in favour of the wife, the wife's settlement in December, 1956, in favour of the five relatives are all genuine transactions and duly acted upon by the parties ... There is nothing to show that the wife or the settlees, both his own and that of the wife of the dec....