Estate Duty Act-Admissibility of exemption u/s. 33(1)(n) of the Act in respect of the house owned by the firm in which deceased was a partner and house was being used by him for his residence
📋
Contents
Cases Cited
Referred In
Notifications
Circulars
Forms
Manuals
Acts
Rules & Regulations
Case Laws New
Ref Provisions New
Plus +
Source NTF
Summary
Similar
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Estate duty exemption applies when a deceased partner resides in a firm owned house because the partner's interest counts as property. Estate duty exemption applies where a deceased partner was residing in a house held in the name of the firm because a firm lacks separate legal existence, partnership property vests in the partners, and the statutory concept of property 'belonging' to the deceased includes interests less than full ownership.
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 exemption applies when a deceased partner resides in a firm owned house because the partner's interest counts as property.
Estate duty exemption applies where a deceased partner was residing in a house held in the name of the firm because a firm lacks separate legal existence, partnership property vests in the partners, and the statutory concept of property "belonging" to the deceased includes interests less than full ownership.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
