https://www.taxtmi.com/caselaws?id=67913 Section 36(3) of the Estate Duty Act, 1953, which values one residential house or part thereof by reference to the Wealth-tax Act, 1957, was treated as applicable even where the death occurred before 1 March 1981. The provision was read as a clarificatory measure extending the valuation benefit to earlier deaths, supported by its cross-reference to section 7(4) of the Wealth-tax Act and the judicial approach to similar valuation provisions. The estate was therefore required to be recomputed on that basis in favour of the accountable person. en-us Wed, 09 Apr 1986 00:00:00 +0530 Tue, 15 Mar 2011 12:56:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67913 Section 36(3) of the Estate Duty Act, 1953, which values one residential house or part thereof by reference to the Wealth-tax Act, 1957, was treated as applicable even where the death occurred before 1 March 1981. The provision was read as a clarificatory measure extending the valuation benefit to earlier deaths, supported by its cross-reference to section 7(4) of the Wealth-tax Act and the judicial approach to similar valuation provisions. The estate was therefore required to be recomputed on that basis in favour of the accountable person. Case-Laws Income Tax Wed, 09 Apr 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67913