https://www.taxtmi.com/caselaws?id=70142 The Tribunal partially allowed the appeal, directing a revision of the assessment to consider the evaluation of the life interest of the deceased's son and determine the principal value of the property in accordance with the provisions of the Estate Duty Act. The decision emphasized the importance of interpreting the beneficial interest passing on the deceased's death and considering the valuation at a specific moment after the deceased's passing. en-us Sat, 31 Jan 1976 00:00:00 +0530 Thu, 14 Apr 2011 15:38:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70142 The Tribunal partially allowed the appeal, directing a revision of the assessment to consider the evaluation of the life interest of the deceased's son and determine the principal value of the property in accordance with the provisions of the Estate Duty Act. The decision emphasized the importance of interpreting the beneficial interest passing on the deceased's death and considering the valuation at a specific moment after the deceased's passing. Case-Laws Income Tax Sat, 31 Jan 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70142