https://www.taxtmi.com/caselaws?id=7787 A prior wealth statement valuing jewellery at Rs. 50,000 did not, by itself, prove that the deceased still owned jewellery of that value at death. A partition deed executed about fifteen months earlier showed family jewellery of Rs. 18,700, divided between the deceased and his son, and there was no material proving that jewellery worth Rs. 33,000 remained in the deceased's possession when estate duty was sought to be levied. The burden therefore remained on the revenue to establish ownership at death, and that burden was not discharged. The alleged jewellery was accordingly not liable to estate duty. en-us Thu, 04 Dec 1969 00:00:00 +0530 Thu, 19 Mar 2009 11:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7787 A prior wealth statement valuing jewellery at Rs. 50,000 did not, by itself, prove that the deceased still owned jewellery of that value at death. A partition deed executed about fifteen months earlier showed family jewellery of Rs. 18,700, divided between the deceased and his son, and there was no material proving that jewellery worth Rs. 33,000 remained in the deceased's possession when estate duty was sought to be levied. The burden therefore remained on the revenue to establish ownership at death, and that burden was not discharged. The alleged jewellery was accordingly not liable to estate duty. Case-Laws Income Tax Thu, 04 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7787