1987 (4) TMI 34

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..... e circumstances of the case, the Tribunal was right in holding that the sums of Rs. 50,000 and Rs. 1,25,000 or any portion thereof, gifted by the deceased to his wife, Smt. Rampyaribai, and his minor son, Kisanlal, were includible in the estate of the deceased as property deemed to pass on his death under section 10 of the Estate Duty Act, 1953 ? (2) Whether the Tribunal was right in law in hold .....

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..... creditor in the firm. Kisanlal, the minor son, attained majority on December 20, 1960. The deceased died on December 19, 1963. The gift of Rs. 1,25,000 made by the deceased to his then minor son, it is agreed, is covered by the Supreme Court decision in the case of CED v. R. V. Viswanathan [1976] 105 ITR 653 (SC) and the answer has got to be in the negative and in favour of the accountable pers .....

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