https://www.taxtmi.com/caselaws?id=63152 The Tribunal upheld the Appellate Commissioner's decision to exclude the value of shares in specific properties from the deceased's estate, as the Will clearly indicated devolution to the grandsons. The Tribunal emphasized the immediate devolution as per the Will, leading to the exclusion of property value under section 19A(6) of the Wealth Tax Act. The Tribunal dismissed the Revenue's appeal and cross objection, affirming the AAC's ruling based on the provisions of the Will and relevant legal considerations. en-us Thu, 29 Jan 1987 00:00:00 +0530 Fri, 28 Jan 2011 10:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63152 The Tribunal upheld the Appellate Commissioner's decision to exclude the value of shares in specific properties from the deceased's estate, as the Will clearly indicated devolution to the grandsons. The Tribunal emphasized the immediate devolution as per the Will, leading to the exclusion of property value under section 19A(6) of the Wealth Tax Act. The Tribunal dismissed the Revenue's appeal and cross objection, affirming the AAC's ruling based on the provisions of the Will and relevant legal considerations. Case-Laws Wealth-tax Thu, 29 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63152