https://www.taxtmi.com/caselaws?id=8878 Section 5 of the Estate Duty Act, read with the broad definition of "property" in section 2(15), is explained as extending estate duty to foreign property unless specifically excluded by section 21. The text treats section 21 as an exemption provision, including a domicile-based rule for foreign movable property, and notes that this classification was analysed against article 14 using the distinction between lex situs and lex domicilii. It also states that the rule-making power under sections 21(2) and 85(1) was upheld because the statute laid down the policy and the rules only worked out the nature and situs of assets in line with general law. en-us Fri, 13 Oct 1972 00:00:00 +0530 Tue, 16 Jun 2009 19:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8878 Section 5 of the Estate Duty Act, read with the broad definition of "property" in section 2(15), is explained as extending estate duty to foreign property unless specifically excluded by section 21. The text treats section 21 as an exemption provision, including a domicile-based rule for foreign movable property, and notes that this classification was analysed against article 14 using the distinction between lex situs and lex domicilii. It also states that the rule-making power under sections 21(2) and 85(1) was upheld because the statute laid down the policy and the rules only worked out the nature and situs of assets in line with general law. Case-Laws Income Tax Fri, 13 Oct 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8878