https://www.taxtmi.com/caselaws?id=152793 A life interest with an exclusive right of residence in a bungalow is property within the inclusive definition in the Estate Duty Act. On the widow's death, that interest ceased and the benefit under the will passed to the sons, so the property was treated as passing, or deemed to pass, on death under the Act. Because the life interest extended to the whole income of the property, valuation on that basis was also justified. The property was therefore correctly included in the estate as property passing on the widow's death, and the question was answered in the affirmative in favour of the Revenue. en-us Mon, 14 Dec 1964 00:00:00 +0530 Thu, 11 Jul 2013 10:19:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152793 A life interest with an exclusive right of residence in a bungalow is property within the inclusive definition in the Estate Duty Act. On the widow's death, that interest ceased and the benefit under the will passed to the sons, so the property was treated as passing, or deemed to pass, on death under the Act. Because the life interest extended to the whole income of the property, valuation on that basis was also justified. The property was therefore correctly included in the estate as property passing on the widow's death, and the question was answered in the affirmative in favour of the Revenue. Case-Laws Income Tax Mon, 14 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152793