https://www.taxtmi.com/caselaws?id=64150 For estate duty valuation, aggregation under section 34(1)(c) applies only to the lineal descendant's share; the wife of that descendant is not treated as a lineal descendant for this purpose, so her share must be excluded and only the husband's balance aggregated. The computation also recognises that income-tax and wealth-tax liabilities arising from amounts disclosed under a voluntary disclosure scheme are deductible as debts when those disclosed amounts are included in the estate. The article therefore states that aggregation of the relevant share is sustained, while the wife's share is excluded and the corresponding tax liabilities are allowed as deductions, subject to verification of the correct amounts. en-us Mon, 30 Nov 1981 00:00:00 +0530 Sat, 05 Feb 2011 11:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64150 For estate duty valuation, aggregation under section 34(1)(c) applies only to the lineal descendant's share; the wife of that descendant is not treated as a lineal descendant for this purpose, so her share must be excluded and only the husband's balance aggregated. The computation also recognises that income-tax and wealth-tax liabilities arising from amounts disclosed under a voluntary disclosure scheme are deductible as debts when those disclosed amounts are included in the estate. The article therefore states that aggregation of the relevant share is sustained, while the wife's share is excluded and the corresponding tax liabilities are allowed as deductions, subject to verification of the correct amounts. Case-Laws Income Tax Mon, 30 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64150