https://www.taxtmi.com/caselaws?id=7521 The High Court clarified that only the value of the right to possession and enjoyment in the Mayavaram Lodge, not the entire property value, would pass on the deceased's death. The court emphasized the significance of non-exclusion in determining estate duty liability and directed the revenue to reassess the value considering all relevant factors. The judgment balanced the duty liability based on the non-exclusion aspect, highlighting the need for a nuanced approach in such cases. en-us Tue, 04 Mar 1969 00:00:00 +0530 Sat, 21 Feb 2009 19:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7521 The High Court clarified that only the value of the right to possession and enjoyment in the Mayavaram Lodge, not the entire property value, would pass on the deceased's death. The court emphasized the significance of non-exclusion in determining estate duty liability and directed the revenue to reassess the value considering all relevant factors. The judgment balanced the duty liability based on the non-exclusion aspect, highlighting the need for a nuanced approach in such cases. Case-Laws Income Tax Tue, 04 Mar 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7521