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1973 (10) TMI 6 - HC - Income TaxEstate Duty Act, 1953 - " 1. Whether, on the facts and circumstances of the case, the inclusion of the value of cash gifts of Rs. 10,000 each made by the deceased in favour of the minor daughters, by applying the provisions of section 10 of the Estate Duty Act, 1953, is valid in law ? 2. Whether, on the facts and circumstances of the case, the inclusion of Rs. 15,000 which was a deposit made by the donee in the firm of Messrs. T. Govinda Rao and Sons as property belonging to the deceased by applying the provisions of section 10 of the Estate Duty Act, 1953, is valid in law ? " - question No. 1 is answered in the affirmative and against the accountable person. Question No. 2 is answered in the negative and in favour of the accountable person
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