Exclusion of family pensions from estate duty advised pending notification and amendment; commuted pension values should not be taxed. Section 29A excludes family pensions under superannuation or pension funds of specified international organisations from estate duty, but no notification designating those organisations has been issued; an amendment is proposed to allow retrospective notification. Meanwhile the Board directs that no steps be taken to assess or tax under the Estate Duty Act the commuted value of pensions receivable from the international organisations identified in the instruction, maintaining the prior administrative exclusion.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exclusion of family pensions from estate duty advised pending notification and amendment; commuted pension values should not be taxed.
Section 29A excludes family pensions under superannuation or pension funds of specified international organisations from estate duty, but no notification designating those organisations has been issued; an amendment is proposed to allow retrospective notification. Meanwhile the Board directs that no steps be taken to assess or tax under the Estate Duty Act the commuted value of pensions receivable from the international organisations identified in the instruction, maintaining the prior administrative exclusion.
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