https://www.taxtmi.com/caselaws?id=70270 A right to receive life insurance proceeds was treated as part of the estate rather than as a taxable asset in the assessee's individual net wealth. Although the will did not expressly appoint her as executor and she had not been appointed by a competent authority, the will read as a whole, together with the partition deed and earlier income-tax reasoning, supported treating her as an executrix by implication or, at minimum, as a person administering the estate within the extended meaning of executor in section 19A. Because the estate had not been fully distributed before the compromise with the insurer, the proceeds remained governed by section 19A and were excluded from the assessee's wealth assessments. en-us Thu, 15 Oct 1987 00:00:00 +0530 Fri, 15 Apr 2011 11:22:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70270 A right to receive life insurance proceeds was treated as part of the estate rather than as a taxable asset in the assessee's individual net wealth. Although the will did not expressly appoint her as executor and she had not been appointed by a competent authority, the will read as a whole, together with the partition deed and earlier income-tax reasoning, supported treating her as an executrix by implication or, at minimum, as a person administering the estate within the extended meaning of executor in section 19A. Because the estate had not been fully distributed before the compromise with the insurer, the proceeds remained governed by section 19A and were excluded from the assessee's wealth assessments. Case-Laws Wealth-tax Thu, 15 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70270