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2005 (9) TMI 59 - MADHYA PRADESH HIGH COURTLoan advanced by the executor of the estate of the deceased - "Whether Tribunal was correct in law in holding that the sum which represents the loan advanced by the executor of the estate to the estate of the deceased before distribution of the assets is an admissible deduction, although the executor of the estate happens to be the sole legal heir of the deceased?" - it cannot be held that the amount paid on taxes and other matters in respect of property of the deceased husband of the assessee, would become part of the wealth she received as a legatee and she was not entitled to its deduction. - We are, therefore, of the view that the Income-tax Appellate Tribunal was right in holding that the sum of Rs. 4,71,589 which represented the loan advanced by the executor of the estate of the deceased before distribution of the assets was an admissible deduction, even though the executor of the estate happened to be the sole legal heir of the deceased
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