https://www.taxtmi.com/caselaws?id=66050 The Tribunal partly allowed the appeals, upholding adjustments for valuation due to uncertainties, hazards, and risks of litigation. It confirmed the creation of multiple trusts through a single document, directed exemption for "art treasures" under section 5(1)(xii), and allowed fictional Estate duty liability as a deduction. The applicability of section 21(1A) was limited to assessments under section 21(1). en-us Tue, 12 Jun 1990 00:00:00 +0530 Mon, 21 Feb 2011 11:02:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66050 The Tribunal partly allowed the appeals, upholding adjustments for valuation due to uncertainties, hazards, and risks of litigation. It confirmed the creation of multiple trusts through a single document, directed exemption for "art treasures" under section 5(1)(xii), and allowed fictional Estate duty liability as a deduction. The applicability of section 21(1A) was limited to assessments under section 21(1). Case-Laws Wealth-tax Tue, 12 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66050