https://www.taxtmi.com/caselaws?id=7527 A partition arrangement that created a fresh life estate in favour of a widow over agricultural land was treated as a disposition within section 24 of the Estate Duty Act, 1953, because the term covers an agreement or arrangement and the property reverted to the disponers in proportion to their interests. The proviso to section 24 did not apply, as the widow had not been competent to dispose of the land before the partition. The life interest therefore fell within the statutory exemption, and the value of the 25 acres was exempt from estate duty. en-us Tue, 24 Dec 1968 00:00:00 +0530 Sat, 21 Feb 2009 20:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7527 A partition arrangement that created a fresh life estate in favour of a widow over agricultural land was treated as a disposition within section 24 of the Estate Duty Act, 1953, because the term covers an agreement or arrangement and the property reverted to the disponers in proportion to their interests. The proviso to section 24 did not apply, as the widow had not been competent to dispose of the land before the partition. The life interest therefore fell within the statutory exemption, and the value of the 25 acres was exempt from estate duty. Case-Laws Income Tax Tue, 24 Dec 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7527