https://www.taxtmi.com/caselaws?id=152790 Estate duty under section 5 of the Estate Duty Act, 1953 was held chargeable where legal title had vested earlier but full beneficial enjoyment and possession shifted only on the death of a life tenant. The phrase "passes on the death" was read in statutory context to include an actual change of hands in the property as a whole, not merely a transfer of legal title. Because the life interest ceased on death and the remaindermen became entitled to full enjoyment, the property was treated as passing on that death. Section 40 reinforced that the value of the benefit on cesser of the life interest formed part of the principal value chargeable to duty. en-us Wed, 11 Dec 1963 00:00:00 +0530 Thu, 11 Jul 2013 09:53:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152790 Estate duty under section 5 of the Estate Duty Act, 1953 was held chargeable where legal title had vested earlier but full beneficial enjoyment and possession shifted only on the death of a life tenant. The phrase "passes on the death" was read in statutory context to include an actual change of hands in the property as a whole, not merely a transfer of legal title. Because the life interest ceased on death and the remaindermen became entitled to full enjoyment, the property was treated as passing on that death. Section 40 reinforced that the value of the benefit on cesser of the life interest formed part of the principal value chargeable to duty. Case-Laws Indian Laws Wed, 11 Dec 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152790