Supreme Court · 1969 INSC 161 · Decided 31 July 1969
Satyanarayana Modi v. The Controller of Estate Duty, Delhi and Rajasthan, New Delhi
- Court
- Supreme Court of India
- Citation
- 1969 INSC 161 · [1970] 1 S.C.R. 712
- Case number
- CIVIL APPEAL No. 438/1967
- Decided
- 31 July 1969
- Bench
- J.C. SHAH, V. RAMASWAMI, A.N. GROVER (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
Headnote
Estate Duty Act 34 of 1953-Section 10-Gift of fixed deposit receipts -Donor retaining important benefits-If donee can be said to assume immediately bona fide possesslon and enjoyment within meaning of s. 10. P held, on April 1, 1953, three deposit receipts with the State Bank C" of Bikaner. in the joint names of herself and S (son of her adopted son) payable to either or survivor. On August 16, 1953 P executed a deed of gift in favour of S in respect of the three receipts. The gift deed contained a confirmation by S's father that he had accepted the gift for and on behalf of
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