Estate duty cessation for agricultural lands yields exemption for qualifying deaths under the Amendment enacted and published in the Gazette. The Estate Duty (Amendment) Act, 1986 amends the Estate Duty Act, 1953 so that the Act ceases to apply to agricultural lands situated in the territories comprised in the States of Punjab and Tripura where the property passes on deaths occurring on or after the operative date specified by the Amendment; the Amendment received presidential assent and was published in the Gazette, and earlier circulars set out corresponding dates for other States and Union Territories.
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Provisions expressly mentioned in the judgment/order text.
Estate duty cessation for agricultural lands yields exemption for qualifying deaths under the Amendment enacted and published in the Gazette.
The Estate Duty (Amendment) Act, 1986 amends the Estate Duty Act, 1953 so that the Act ceases to apply to agricultural lands situated in the territories comprised in the States of Punjab and Tripura where the property passes on deaths occurring on or after the operative date specified by the Amendment; the Amendment received presidential assent and was published in the Gazette, and earlier circulars set out corresponding dates for other States and Union Territories.
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