Supreme Court · 1973 INSC 35 · Decided 27 February 1973
Controller of Estate Duty, Madras v. C. R. Ramachandra Gounder
- Court
- Supreme Court of India
- Citation
- 1973 INSC 35 · [1973] 3 S.C.R. 554
- Case number
- CIVIL APPEAL No. 1391/1970
- Decided
- 27 February 1973
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Estate Dut,v Act (34 of 1953), s. IQ-Scope of. The father· of the r.espondept was a partner in a firm. He owned property which the firm was occupying as a tenant at will. Jn 1953 he executed a deed. of settlement under which he transferred that prop.erty to two of his sons absolutely and paying rent to tihe two donees by credittng each of t~ir accounts in the account books of the firm in rqu~tl shares. The father also wrote to the firm to transfier from his account five sums of Rs. 20,000 each with effect from April, 1953, to the credit of his five sons in the firm's books. The
Judgments are the courts' own published copies, provided for study; they are not certified copies. Source: Indian Supreme Court & High Court Judgments, Dattam Labs (CC-BY-4.0)