https://www.taxtmi.com/caselaws?id=8871 Estate duty valuation under the open-market standard ordinarily follows the stock exchange quotation unless reliable material shows that quotation to be unreal. The article also notes that a later sale price of pledged shares cannot govern valuation at the date of death, and that a speculative bulk-holding premium is not justified without concrete evidence. Separately, managing agency rights are property capable of passing on death, but their value must reflect the statutory limit on duration under company law; they cannot be assessed as if they continued indefinitely. The valuation is therefore confined to the remaining statutory period and associated remuneration. en-us Thu, 19 Apr 1973 00:00:00 +0530 Tue, 16 Jun 2009 19:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8871 Estate duty valuation under the open-market standard ordinarily follows the stock exchange quotation unless reliable material shows that quotation to be unreal. The article also notes that a later sale price of pledged shares cannot govern valuation at the date of death, and that a speculative bulk-holding premium is not justified without concrete evidence. Separately, managing agency rights are property capable of passing on death, but their value must reflect the statutory limit on duration under company law; they cannot be assessed as if they continued indefinitely. The valuation is therefore confined to the remaining statutory period and associated remuneration. Case-Laws Income Tax Thu, 19 Apr 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8871