https://www.taxtmi.com/caselaws?id=8752 A Hindu religious or charitable dedication can be validly created without a formal trust deed when intention to dedicate and divest ownership are clearly established; on that basis, Nataraja Nilayam was treated as trust property and excluded from the deceased's estate and the assessee's net wealth. By contrast, a deceased partner's 3/16th share in goodwill was held to be a transmissible partnership asset that vested in the legal representatives on death, so it formed part of the estate and attracted estate duty when vesting occurred. en-us Tue, 08 Aug 1972 00:00:00 +0530 Wed, 03 Jun 2009 16:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8752 A Hindu religious or charitable dedication can be validly created without a formal trust deed when intention to dedicate and divest ownership are clearly established; on that basis, Nataraja Nilayam was treated as trust property and excluded from the deceased's estate and the assessee's net wealth. By contrast, a deceased partner's 3/16th share in goodwill was held to be a transmissible partnership asset that vested in the legal representatives on death, so it formed part of the estate and attracted estate duty when vesting occurred. Case-Laws Wealth-tax Tue, 08 Aug 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8752