https://www.taxtmi.com/caselaws?id=66462 Section 168 applies only where a deceased person's estate is administered by an executor, administrator or other estate manager. A court-appointed receiver who merely takes possession of property, realises assets and deposits net proceeds for creditors does not administer the estate within that provision. The heirs inherited the property on intestate devolution, subject only to liability to discharge the deceased's debts to the extent of the assets inherited. On that basis, assessment of capital gains in the receiver's hands was not valid and the assessment framed against the receiver was held invalid. en-us Sat, 18 Aug 1984 00:00:00 +0530 Thu, 24 Feb 2011 18:05:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66462 Section 168 applies only where a deceased person's estate is administered by an executor, administrator or other estate manager. A court-appointed receiver who merely takes possession of property, realises assets and deposits net proceeds for creditors does not administer the estate within that provision. The heirs inherited the property on intestate devolution, subject only to liability to discharge the deceased's debts to the extent of the assets inherited. On that basis, assessment of capital gains in the receiver's hands was not valid and the assessment framed against the receiver was held invalid. Case-Laws Income Tax Sat, 18 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66462