https://www.taxtmi.com/caselaws?id=9030 A personal accident policy created a death benefit payable to the nominee or legal representatives, and the insured's power to nominate or dispose of that benefit by will amounted to competency to dispose under the estate duty law; the sum was therefore includible in the principal value of the estate. However, because the deceased had no lifetime interest in the money itself, the amount did not fall for aggregation with the rest of the estate and had to be assessed separately. On the joint family issue, the adoption deed formed part of the adoption arrangement and preserved the adopted son's rights in the natural family, so the deceased's share in the family property was one-third and not one-half. en-us Thu, 20 Sep 1973 00:00:00 +0530 Thu, 18 Jun 2009 17:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9030 A personal accident policy created a death benefit payable to the nominee or legal representatives, and the insured's power to nominate or dispose of that benefit by will amounted to competency to dispose under the estate duty law; the sum was therefore includible in the principal value of the estate. However, because the deceased had no lifetime interest in the money itself, the amount did not fall for aggregation with the rest of the estate and had to be assessed separately. On the joint family issue, the adoption deed formed part of the adoption arrangement and preserved the adopted son's rights in the natural family, so the deceased's share in the family property was one-third and not one-half. Case-Laws Income Tax Thu, 20 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9030