https://www.taxtmi.com/caselaws?id=7495 For purposes of the Estate Duty Act, consideration derived from the deceased includes sale proceeds and other property representing the subject-matter of the deceased's disposition, so a debt otherwise deductible under section 44(a) is abated under section 46(1)(a) where the debt is met from such derived property. The provision operates on its text and does not require proof of an intention at the time of gift to create a later liability. Section 46(1)(b) also applies where gifted amounts received by the deceased's sons were used to discharge the liability, without any need for interposed third persons. Amounts paid within two years of death were accordingly includible under section 46(2) as property deemed to pass on death. en-us Tue, 03 Sep 1968 00:00:00 +0530 Fri, 20 Feb 2009 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7495 For purposes of the Estate Duty Act, consideration derived from the deceased includes sale proceeds and other property representing the subject-matter of the deceased's disposition, so a debt otherwise deductible under section 44(a) is abated under section 46(1)(a) where the debt is met from such derived property. The provision operates on its text and does not require proof of an intention at the time of gift to create a later liability. Section 46(1)(b) also applies where gifted amounts received by the deceased's sons were used to discharge the liability, without any need for interposed third persons. Amounts paid within two years of death were accordingly includible under section 46(2) as property deemed to pass on death. Case-Laws Income Tax Tue, 03 Sep 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7495