Supreme Court · 1996 INSC 1072 · Decided 18 September 1996
Sarojini Ammal v. The Controller of Estate Duty, Madras
- Court
- Supreme Court of India
- Citation
- 1996 INSC 1072 · [1996] SUPP. 6 S.C.R. 472
- Case number
- CIVIL APPEAL No. 2513/1981
- Decided
- 18 September 1996
- Bench
- S.P. BHARUCHA, K. VENKATASWAMI (2-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Transfer of Property Act Section 122
Headnote
AMMAL v. THE CONTROLLER OF EST ATE DUTY, MADRAS SEPTEMBER 18, 1996 B (S.P. BHARUCHA AND K. VENKATASWAMI, JJ.) Estate Duty Act, 1953: Section JO. Estate-Plincipal value of-Gifted amounts-Includibility in-Business C man made unconditional gifts to his daughters who accepted the same-Sub­ in pa1tnership Jinn-Later donor-father died-Held: In the circumstances of the case, amounts of gift retained in business was not includible in the p1inciple value of the estate of D the deceased. The proprietor of a business concern made unconditional cash gifts to his daughters and they
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