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1974 (11) TMI 39 - SC - Indian LawsWhether, on the facts and in the circumstances of the case, the entire value of the property known as ' Mayavaram Lodge ' or any portion of its value is liable to be included in the principal value of the estate of the deceased as property deemed to have passed on his death ? Held that:- We accept the appeal, discharge the answer given by the High Court to the question referred to it and answer that question in favour of the revenue and against the accountable person. Our answer is that on the facts and in the circumstances of the case the entire value of the property known as " Mayavaram Lodge " is liable to be included in the principal value of the estate of the deceased as property deemed to have passed on his death.
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