https://www.taxtmi.com/caselaws?id=62409 For estate duty purposes, property may be included in the taxable estate where the deceased held beneficial interest and enjoyed possession, income, tax payments and mutation in her name, even if the land title was disputed. The decisive factor was the passing of beneficial interest on death, not perfect title, so the inclusion objection failed. On valuation, the accepted rental method was retained in principle, but the encumbered nature of the property required a lower multiplier. The assessed value was therefore reduced by applying 13 times the net rental income instead of 16 times. en-us Thu, 14 Oct 1976 00:00:00 +0530 Mon, 23 Jan 2012 16:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62409 For estate duty purposes, property may be included in the taxable estate where the deceased held beneficial interest and enjoyed possession, income, tax payments and mutation in her name, even if the land title was disputed. The decisive factor was the passing of beneficial interest on death, not perfect title, so the inclusion objection failed. On valuation, the accepted rental method was retained in principle, but the encumbered nature of the property required a lower multiplier. The assessed value was therefore reduced by applying 13 times the net rental income instead of 16 times. Case-Laws Income Tax Thu, 14 Oct 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62409