https://www.taxtmi.com/caselaws?id=69958 The Tribunal allowed the deduction of the wealth-tax liability of late Smt. Ar. Umayal Achi but denied the deduction of the estate duty liability of the estate of late Umayal Achi. The decision was based on the distinction between the two liabilities, with the wealth-tax liability being considered a debt owed by the individual member and therefore deductible, while the estate duty liability was viewed as a personal debt outstanding against the deceased's estate and not eligible for deduction. The Tribunal emphasized that the estate inherited by the assessee should exclude all debts and encumbrances. en-us Sat, 28 Apr 1984 00:00:00 +0530 Wed, 13 Apr 2011 11:01:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69958 The Tribunal allowed the deduction of the wealth-tax liability of late Smt. Ar. Umayal Achi but denied the deduction of the estate duty liability of the estate of late Umayal Achi. The decision was based on the distinction between the two liabilities, with the wealth-tax liability being considered a debt owed by the individual member and therefore deductible, while the estate duty liability was viewed as a personal debt outstanding against the deceased's estate and not eligible for deduction. The Tribunal emphasized that the estate inherited by the assessee should exclude all debts and encumbrances. Case-Laws Wealth-tax Sat, 28 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69958