https://www.taxtmi.com/caselaws?id=67079 Estate duty valuation depends on reliable evidence: an enhanced bungalow value based on an isolated sale and projected price increase was rejected where the property's cantonment restrictions made comparables unreliable. In a cinema business, goodwill is not presumed; unless a separable transferable goodwill asset is shown, no goodwill passes on death for estate duty. A gift to a son does not fall within the marriage exemption unless it is made in consideration of an existing marriage arrangement, so the exemption was unavailable. Marriage expenses of children were also not deductible because no estate duty provision allowed such an allowance. en-us Fri, 26 Oct 1984 00:00:00 +0530 Wed, 09 Mar 2011 10:09:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67079 Estate duty valuation depends on reliable evidence: an enhanced bungalow value based on an isolated sale and projected price increase was rejected where the property's cantonment restrictions made comparables unreliable. In a cinema business, goodwill is not presumed; unless a separable transferable goodwill asset is shown, no goodwill passes on death for estate duty. A gift to a son does not fall within the marriage exemption unless it is made in consideration of an existing marriage arrangement, so the exemption was unavailable. Marriage expenses of children were also not deductible because no estate duty provision allowed such an allowance. Case-Laws Income Tax Fri, 26 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67079