https://www.taxtmi.com/caselaws?id=69781 For estate duty purposes, a deceased partner's share in partnership goodwill was includible, but the valuation had to reflect reasonable interest on capital and partner remuneration, reducing the assessed value. The document also states that throwing separate property into the family hotchpot did not, on the facts, amount to a disposition attracting section 10, and continued enjoyment through a partnership was insufficient unless clearly referable to the gift or transfer. Section 13 likewise did not apply because conversion of separate property into joint family property does not create the kind of joint ownership contemplated by that provision. Smaller gifts routed through the firm's books were also treated as not chargeable under the deeming provisions. en-us Mon, 29 Sep 1980 00:00:00 +0530 Tue, 12 Apr 2011 10:47:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69781 For estate duty purposes, a deceased partner's share in partnership goodwill was includible, but the valuation had to reflect reasonable interest on capital and partner remuneration, reducing the assessed value. The document also states that throwing separate property into the family hotchpot did not, on the facts, amount to a disposition attracting section 10, and continued enjoyment through a partnership was insufficient unless clearly referable to the gift or transfer. Section 13 likewise did not apply because conversion of separate property into joint family property does not create the kind of joint ownership contemplated by that provision. Smaller gifts routed through the firm's books were also treated as not chargeable under the deeming provisions. Case-Laws Income Tax Mon, 29 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69781