Supreme Court · 1976 INSC 227 · Decided 21 September 1976
Controller of Estate Duty, Kerela v. M/S. R. V. Vishwanathan & ORS.
- Court
- Supreme Court of India
- Citation
- 1976 INSC 227 · [1977] 1 S.C.R. 649
- Case number
- CIVIL APPEAL No. 1576/1971
- Decided
- 21 September 1976
- Bench
- HANS RAJ KHANNA, N.L. UNTWALIA, JASWANT SINGH (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
B Estate Duty Act (34 of 1953), s. 10-Gift of property witen deemed to be ;part of lite estate of tite deceased-donor. The deceased, with a view to convert his proprietary business into partner­ ship business with his four major sons, transferred a sum of Rs. 15,000/- from his personal account the partner­ ship deed was executed, treating the sums transferred by the deceased to each of his four sons as their share capital in the partnership. A day later, the two minor sons of the deceased were also admitted to the benefit of the partnership. On the same day, the decease.d
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