https://www.taxtmi.com/caselaws?id=65827 A wakf beneficiary's right to specified income was treated as a beneficial interest that ceased on death and therefore passed for estate duty purposes, while the mutawalli's lack of power to sell, transfer or mortgage the wakf property meant no charge arose merely from that office. The deceased's interest was accordingly included in the principal value of the estate. On valuation, the appellate figures for some lands were left undisturbed for want of material showing them to be unsustainable, but the deceased's fractional share in certain estates and the basis for Tea Estate balance-sheet assets required fresh factual verification and were remitted for reconsideration. en-us Wed, 31 Aug 1988 00:00:00 +0530 Fri, 18 Feb 2011 18:32:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65827 A wakf beneficiary's right to specified income was treated as a beneficial interest that ceased on death and therefore passed for estate duty purposes, while the mutawalli's lack of power to sell, transfer or mortgage the wakf property meant no charge arose merely from that office. The deceased's interest was accordingly included in the principal value of the estate. On valuation, the appellate figures for some lands were left undisturbed for want of material showing them to be unsustainable, but the deceased's fractional share in certain estates and the basis for Tea Estate balance-sheet assets required fresh factual verification and were remitted for reconsideration. Case-Laws Income Tax Wed, 31 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65827