https://www.taxtmi.com/caselaws?id=71133 Cash in hand was deleted from the estate valuation because there was no satisfactory material to show it existed at the deceased's death. The deceased's share in firm goodwill was reduced after accepting a reasonable capital return but allowing higher partner remuneration, which lowered super profit and the attributable goodwill. Agricultural land was valued at the figure supported by the valuer's report, as no serious defect or basis for enhancement was shown. Depreciation on the residential house was fixed at 40% as fair for a property of about 20 years' age. Exemption under section 33(1)(n) was confined to the deceased's share in the joint family house, since section 39(3) operates only for valuation and not to extend exemption to the entire property. en-us Wed, 29 Aug 1979 00:00:00 +0530 Thu, 21 Apr 2011 15:24:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71133 Cash in hand was deleted from the estate valuation because there was no satisfactory material to show it existed at the deceased's death. The deceased's share in firm goodwill was reduced after accepting a reasonable capital return but allowing higher partner remuneration, which lowered super profit and the attributable goodwill. Agricultural land was valued at the figure supported by the valuer's report, as no serious defect or basis for enhancement was shown. Depreciation on the residential house was fixed at 40% as fair for a property of about 20 years' age. Exemption under section 33(1)(n) was confined to the deceased's share in the joint family house, since section 39(3) operates only for valuation and not to extend exemption to the entire property. Case-Laws Income Tax Wed, 29 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71133