https://www.taxtmi.com/caselaws?id=6094 The High Court determined that the estate duty payable on the death of the life-tenant should be considered in determining wealth-tax valuation, contrary to the Revenue's argument. The court relied on a judgment that allowed for deductions from market value, in conflict with another precedent. Emphasizing the need for clarity, the court referred the issue to a larger Bench for resolution, directing the appeals to the Chief Justice of India for further action to settle the conflicting interpretations definitively. en-us Fri, 01 Nov 2002 00:00:00 +0530 Mon, 01 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6094 The High Court determined that the estate duty payable on the death of the life-tenant should be considered in determining wealth-tax valuation, contrary to the Revenue's argument. The court relied on a judgment that allowed for deductions from market value, in conflict with another precedent. Emphasizing the need for clarity, the court referred the issue to a larger Bench for resolution, directing the appeals to the Chief Justice of India for further action to settle the conflicting interpretations definitively. Case-Laws Wealth-tax Fri, 01 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6094