https://www.taxtmi.com/caselaws?id=7579 A deceased's accrued right to receive compensation for Burma lands notified during lifetime was treated as a movable asset, because no subsisting third-party right required the compensation to retain the character of immovable property; it was therefore includible in the principal value of the estate for estate duty. Burma outstandings were also held to be movable property, and since the deceased was domiciled in India, they fell within the estate duty charge under the statutory scheme; the absence of proof that the debts were excluded or unrealizable did not alter that result. Both items were accordingly included in the estate and charged to duty. en-us Tue, 25 Feb 1969 00:00:00 +0530 Mon, 02 Mar 2009 13:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7579 A deceased's accrued right to receive compensation for Burma lands notified during lifetime was treated as a movable asset, because no subsisting third-party right required the compensation to retain the character of immovable property; it was therefore includible in the principal value of the estate for estate duty. Burma outstandings were also held to be movable property, and since the deceased was domiciled in India, they fell within the estate duty charge under the statutory scheme; the absence of proof that the debts were excluded or unrealizable did not alter that result. Both items were accordingly included in the estate and charged to duty. Case-Laws Income Tax Tue, 25 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7579