https://www.taxtmi.com/caselaws?id=69305 For estate duty purposes, property passing on death is valued at market value, so closing stock may be enhanced on a fair estimation basis and interest on sundry debtors may be included where the firm's normal practice supports that estimate. The text also explains that an amount allotted on partition and immediately deposited in the family firm can be treated as property retained within the business arrangement, with continuing control or enjoyment attracting section 10, read with the deeming rules on unequal partitions and gifts under sections 27 and 2(15) of the Estate Duty Act. en-us Thu, 23 Aug 1979 00:00:00 +0530 Wed, 06 Apr 2011 11:35:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69305 For estate duty purposes, property passing on death is valued at market value, so closing stock may be enhanced on a fair estimation basis and interest on sundry debtors may be included where the firm's normal practice supports that estimate. The text also explains that an amount allotted on partition and immediately deposited in the family firm can be treated as property retained within the business arrangement, with continuing control or enjoyment attracting section 10, read with the deeming rules on unequal partitions and gifts under sections 27 and 2(15) of the Estate Duty Act. Case-Laws Income Tax Thu, 23 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69305