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2003 (7) TMI 22 - KERALA HIGH COURTEstate Duty Act, 1953 - "(i) Whether, on the demise of the deceased did any property in the form of a share of the deceased in the accumulated profits and goodwill in the firm of Saraf Trading Corporation pass in terms of section 5 of the Estate Duty Act? - (ii) If any property passed, was the Tribunal justified in determining the same at 10 per cent, of the value or should the Tribunal have restricted it to Rs. 9,000? - (iii) Whether the profits arising to the firm up to the date of the demise should be considered in determining the quantum of accumulated profits? - (iv) Whether in determining the super profits for the purpose of valuing the goodwill a deduction has to be allowed for interest on capital at 20 per cent, as against 12 per cent, allowed by the assessing authority? - (v) Whether in determining the value of goodwill a multiplier of one year or three years has to be adopted? - (vi) Whether any refund determined after the demise of the deceased could be regarded as property passing on the death of the deceased?"
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