https://www.taxtmi.com/caselaws?id=70514 An unequal family partition that leaves a quantifiable shortfall in the deceased's share can attract estate duty under the Estate Duty Act, 1953. Applying sections 9(1), 27 and the definition of "property" in section 2(15), the shortfall was treated as property passing or a taxable disposition to the extent of the benefit foregone by the deceased. The earlier view against inclusion was rejected, and the shortfall was held includible in the principal value of the estate, so the Revenue succeeded to that extent and the assessment was sustained only on the recomputed basis. en-us Thu, 30 Sep 1976 00:00:00 +0530 Mon, 23 Jan 2012 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70514 An unequal family partition that leaves a quantifiable shortfall in the deceased's share can attract estate duty under the Estate Duty Act, 1953. Applying sections 9(1), 27 and the definition of "property" in section 2(15), the shortfall was treated as property passing or a taxable disposition to the extent of the benefit foregone by the deceased. The earlier view against inclusion was rejected, and the shortfall was held includible in the principal value of the estate, so the Revenue succeeded to that extent and the assessment was sustained only on the recomputed basis. Case-Laws Income Tax Thu, 30 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70514