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1973 (2) TMI 23 - MADRAS HIGH COURTEstate Duty Act, 1953 - " Whether, on the facts and in the circumstances of the case, the value of the properties settled under the deed of settlement dated 6th October, 1941, was exempt from assessment under section 22 of the Estate Duty Act, 1953 ? " - The beneficial interest alone to which the deceased was entitled during his lifetime will be property under Estate Duty Act - Such a beneficial interest having ceased on the death of the deceased and a benefit having arisen by cessor of such interest - It could be brought to tax under section 5 read with section 7(1) of the Estate Duty Act - Value of the entire property cannot be liable to estate duty.
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