https://www.taxtmi.com/caselaws?id=62420 An undivided coparcenary interest in Hindu joint family property was held to require a discount in valuation because the market would not treat such an interest as equivalent to absolute ownership; a 10% deduction from the wealth-tax value was therefore allowed. The analysis also treated accrued interest on gifted amounts received within two years of death as includible in the dutiable estate, because the funds had been used and income had in fact accrued before death. The valuation of the coparcenary share was thus reduced, while the addition for accrued interest was sustained. en-us Wed, 27 Apr 1977 00:00:00 +0530 Mon, 23 Jan 2012 16:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62420 An undivided coparcenary interest in Hindu joint family property was held to require a discount in valuation because the market would not treat such an interest as equivalent to absolute ownership; a 10% deduction from the wealth-tax value was therefore allowed. The analysis also treated accrued interest on gifted amounts received within two years of death as includible in the dutiable estate, because the funds had been used and income had in fact accrued before death. The valuation of the coparcenary share was thus reduced, while the addition for accrued interest was sustained. Case-Laws Income Tax Wed, 27 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62420