https://www.taxtmi.com/caselaws?id=70197 Property derived from the deceased and retained in the business can fall within the limitation in section 46(1)(a) of the Estate Duty Act, restricting deduction of a claimed debt under section 44 where full consideration and statutory use requirements are not met. The text also explains that inclusion of the gifted amount under section 9 as property deemed to pass on death is legally distinct from disallowance of the debt deduction, so the same amount being reflected in both computations does not, by itself, create impermissible double addition. The resulting assessment upheld the disallowance. en-us Mon, 18 Jun 1979 00:00:00 +0530 Thu, 14 Apr 2011 17:48:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70197 Property derived from the deceased and retained in the business can fall within the limitation in section 46(1)(a) of the Estate Duty Act, restricting deduction of a claimed debt under section 44 where full consideration and statutory use requirements are not met. The text also explains that inclusion of the gifted amount under section 9 as property deemed to pass on death is legally distinct from disallowance of the debt deduction, so the same amount being reflected in both computations does not, by itself, create impermissible double addition. The resulting assessment upheld the disallowance. Case-Laws Income Tax Mon, 18 Jun 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70197