Estate duty definition clarifies taxability of property passing on death based on principal value under statutory valuation rules. Estate duty is defined under Article 366(9) of the Constitution as a charge assessed by reference to the principal value of all property passing on death or treated as passing on death under applicable law, and its assessment depends on valuation rules prescribed by Parliament or state legislation.
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 definition clarifies taxability of property passing on death based on principal value under statutory valuation rules.
Estate duty is defined under Article 366(9) of the Constitution as a charge assessed by reference to the principal value of all property passing on death or treated as passing on death under applicable law, and its assessment depends on valuation rules prescribed by Parliament or state legislation.
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