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1996 (9) TMI 101 - PUNJAB AND HARYANA HIGH COURTExtract: ....... question referred to us is answered in the negative, i.e., in favour of the accountable person and against the Revenue. The Tribunal was not right in holding that the sum of Rs. 40,000 received by the legal heirs of the deceased from the Life Insurance Corporation under the double benefit scheme, was liable to estate duty, under the Act. No costs.
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