1991 (3) TMI 103 - HC - Income Tax

Summary

The High Court of Bombay addressed questions of law under the Estate Duty Act, 1953, regarding beneficial interest in properties and estate duty liability. The court referred to a previous judgment and ruled in favor of the Revenue on the second question and in favor of the accountable person on the first question. The accountable person's reference was not pressed, and the questions at their instance were left unanswered. No costs were awarded.