https://www.taxtmi.com/caselaws?id=9109 Foreign movable property forming settled property remains within the charge to estate duty where the deceased was domiciled in India at death, and the deceased's life interest in that property is includible in the principal value of the estate. Section 21(1)(b) is read as using the disjunctive "or" deliberately; clause (ii) is not a proviso that limits clause (i). The scheme, legislative history, definition of settled property, and territorial exclusions under the Act support taxation of such foreign property notwithstanding the absence of an Indian situs. en-us Wed, 09 Jan 1974 00:00:00 +0530 Fri, 19 Jun 2009 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9109 Foreign movable property forming settled property remains within the charge to estate duty where the deceased was domiciled in India at death, and the deceased's life interest in that property is includible in the principal value of the estate. Section 21(1)(b) is read as using the disjunctive "or" deliberately; clause (ii) is not a proviso that limits clause (i). The scheme, legislative history, definition of settled property, and territorial exclusions under the Act support taxation of such foreign property notwithstanding the absence of an Indian situs. Case-Laws Income Tax Wed, 09 Jan 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9109