Estate duty valuation limited to the deceased's retained interest, altering prior Board interpretation and prompting withdrawal of earlier references. The Board revises its prior interpretation of the Estate Duty Act and directs that only the value of the interest retained by the deceased, not the value of the entire gifted property, be included in computing the principal value of the estate; references filed on the earlier interpretation must be withdrawn.
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.
Estate duty valuation limited to the deceased's retained interest, altering prior Board interpretation and prompting withdrawal of earlier references.
The Board revises its prior interpretation of the Estate Duty Act and directs that only the value of the interest retained by the deceased, not the value of the entire gifted property, be included in computing the principal value of the estate; references filed on the earlier interpretation must be withdrawn.
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